v3.26.1
Subsequent Events
6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
Subsequent Events

Note 11. Subsequent Events

 

The Company has evaluated subsequent events through the date these unaudited condensed financial statements were available to be issued and determined that the following material events occurred after June 30, 2026:

 

On February 10, 2026, we initiated a common stock offering to raise up to $500 at $0.001 per share from accredited investors. The offering is exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506(b) of Regulation D thereunder. After June 30, 2026, we raised $25 and issued 25,000,000 shares of common stock. The offering was extended by management for 30 days and will expire on August 30, 2026, or when the Company has raised $500 in aggregate.

 

On July 15, 2026, the Board of Directors of the Company (the “Board”) held a formal meeting during which  it reviewed standing corporate governance structures and re-affirmed committee designations pursuant to their respective written charters:

 

Audit Committee: The Board re-affirmed the Audit Committee Charter and designated Michael Onghai as member and David M. Garrity, CFA as Chairman of the Audit Committee. The Board re-affirmed that Mr. Garrity qualifies as an “independent director” under NASDAQ Listing Rule 5605(a)(2) and determined that Mr. Garrity meets the qualifications of an “audit committee financial expert” as defined under Item 407(d)(5) of Regulation S-K.
Compensation Committee: The Board re-affirmed the Compensation Committee Charter and designated David Garrity as member and Michael Onghai as Chairman of the Compensation Committee;
Nominating and Corporate Governance Committee: The Board re-affirmed the Nominating and Corporate Governance Committee Charter and designated David Garrity and Michael Onghai members and Jonathan Pfohl as Chairman of the Nominating and Corporate Governance Committee.