STOCKHOLDERS EQUITY |
9 Months Ended |
|---|---|
Jun. 30, 2026 | |
| STOCKHOLDERS EQUITY | |
| STOCKHOLDERS' EQUITY | NOTE 7. STOCKHOLDERS’ EQUITY
Prior to October 2, 2025, the Company was incorporated in the British Virgin Islands as UMeWorld Limited, and its equity securities were designated as ordinary shares. As of September 30, 2025, UMeWorld Limited had 114,785,005 ordinary shares issued and outstanding.
On October 2, 2025, the Company completed its redomiciliation from the British Virgin Islands to the State of Delaware. In connection with the redomiciliation, each issued and outstanding ordinary share of UMeWorld Limited was converted on a one-for-one basis into one share of common stock of UMeWorld Inc. The redomiciliation did not change the number of shares held by any stockholder.
Following the redomiciliation, the Company is authorized to issue up to 250,000,000 shares of common stock, par value $0.0001 per share.
During the nine months ended June 30, 2026, the Company issued 814,588 shares of common stock upon the conversion of $203,647 in related-party advances at a conversion price of $0.25 per share. The Company also issued 500,000 shares of common stock to a non-affiliated investor at a purchase price of $0.30 per share, for gross proceeds of $150,000.
No shares of common stock were issued during the three months ended June 30, 2026.
As of June 30, 2026, the Company had 116,099,593 shares of common stock issued and outstanding. |