EQUITY |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Equity [Abstract] | |
| EQUITY | NOTE 4 – EQUITY
Preferred Stock
On August 25, 2023, a change in control of the Company occurred by virtue of the Company's largest shareholder sold shares of the Convertible Series D Preferred Stock and issued shares of Restricted Common Stock to Well Profit Holdings Limited.
On June 6, 2022, the Company filed Articles of Amendment, with the State of Florida designating shares of the Preferred Stock as Convertible Series D Preferred Stock, par value $. Each share of Convertible Series D Preferred Stock is convertible into 2 shares of common stock. In addition, the Convertible Series D Preferred Stock has voting privileges of 1,000 votes per one share of Series D. The Convertible Series D Preferred Stock is not entitled to dividends.
On June 6, 2022, Ms. Keaveney was compensated for her role as custodian with shares of Convertible Preferred D Series Stock.
As of December 31, 2021, the Company had the following designations for preferred stock; 50,000 shares of Series Preferred A Stock, 100,000 shares of Series Preferred B Stock, and 10,000,000 shares of Series Preferred C Stock. There were no shares issued and outstanding as of December 31, 2021. Effective June 7, 2022, the number of shares and all rights, privileges and restrictions of the Series of Preferred Stock were cancelled.
Common Stock
The Company is authorized to issued shares of common stock.
On June 2, 2025, the Company’s board of directors and the shareholders holding a majority of the voting power of the Company approved by written consent, the changing the name of the Company from “Vestiage, Inc.” to “Loan Artificial Intelligence Corp.” and a reverse stock split of all of the issued and outstanding shares of Common Stock of the Company on a 1-for-800 basis, such that each issued and outstanding 800 shares of Common Stock shall become 1 share of Common Stock (the “Reverse Stock Split”). No fractional shares were issued in connection with the Reverse Stock Split; instead, holders received cash payments equal to the product of the closing sales price on the OTC Markets on the effective date and the fractional share otherwise issuable, after which such holders had no further interest in those fractional shares. The name change, symbol change, and the Reverse Stock Split were effective on September 23, 2025. All share and per-share information (including earnings per share) presented in the accompanying consolidated financial statements and related notes have been retroactively adjusted to reflect the Reverse Stock Split as if it had occurred at the beginning of the earliest period presented.
On August 25, 2023, a change in control of the Company occurred by virtue of the Company's largest shareholder sold 300,000 shares of the Convertible Series D Preferred Stock and issued 381,250 shares of Restricted Common Stock to Well Profit Holdings Limited.
On January 12, 2023, the Company issued shares of common stock pursuant to a Share Exchange Agreement for the acquisition of Fun Fitness Corporation.
On June 6, 2022, Ms. Keaveney was compensated for her role as custodian of the Company with shares of common stock.
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