EQUITY |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| EQUITY | |
| EQUITY | NOTE 5 – EQUITY
The Company was organized as a limited liability company. Ownership interests are represented by membership units, which confer both economic and governance rights as outlined in the Company’s operating agreement. On April 11, 2019, the Company amended its articles of incorporation to increase its number of authorized shares of common stock from 75,000,000 to 450,000,000.
On March 21, 2025 the Company amended its articles of incorporation to increase the number of authorized shares from 450,000,000 to 2,000,000,000.
On March 28, 2025 the Company acquired Happy Traps, LLC., the Company issued 600,000 shares of common stock with a value of $300,000 for the acquisition. The acquisition was treated as a reverse merger with Happy Traps being the surviving entity keeping the name Barrel Energy Inc.
On March 23, 2026 the Company effected a reverse split the common stock resulting in a 1:400 reverse of the shares outstanding. |