v3.26.1
COMMON STOCK
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
COMMON STOCK

3. COMMON STOCK

 

On October 13, 2023, the Company issued 21,831,660 shares of its restricted common stock at $0.80 per share to the shareholders of Just Supply Chain Limited (“JSCL”), for acquisition of one hundred percent (100%) of the equity of JSCL. On May 06, 2024, the acquisition has been cancelled due to factors that came to light on the valuation of the entity, resulted on July 01, 2024, the 21,831,660 shares were returned to the Company and were held as treasury shares, subsequently cancellation of the shares on November 12, 2024.

 

As of December 31, 2024 and 2023, the Company had received proceeds and entered into binding subscription agreements for 22,500 shares and 20,000 shares respectively, that were issued in April 2025. The Company had no remaining substantive performance obligations, and the investors were irrevocably committed to the transactions as of the balance sheet date, with no conditions precedent remaining. On April 18, 2025, the Company issued 42,500 shares of common stock to four investors at $1.00 per share pursuant to subscription agreements. Although the shares were physically issued in April 2025, they were backdated and treated as effective as of March 31, 2025.

 

As of June 30, 2026 SEATech Ventures Corp. has an issued and outstanding common share of 92,562,343.