STOCKHOLDERS’ DEFICIENCY |
3 Months Ended | ||
|---|---|---|---|
Jun. 30, 2026 | |||
| Equity [Abstract] | |||
| STOCKHOLDERS’ DEFICIENCY |
Authorized stock
Preferred stock
The Company is authorized to issue preferred shares with a par value of $.
Common stock
The Company is authorized to issue common shares with a par value of $.
Issued stock
Preferred stock
As at June 30, 2026, the company has t issued any preferred stock.
On February 4, 2026, LSEB Creative Corp. filed Articles of Amendment with the Wyoming Secretary of State whereby the Board of Directors were expressly authorized, subject to limitations prescribed by law, to provide for the issuance of shares of Preferred Stock in one or more series, and by filing a certificate of designation or amendment pursuant to the Wyoming Business Corporation Act, to fix, before issuance, the designation, the number of shares constituting each series, powers, preferences, and relative, participating, optional, or other special rights, and the qualifications, limitations, or restrictions thereof, of each series of Preferred Stock.
In addition, the Board of Directors approved a Certificate of Designation for Series A Convertible Preferred Stock. This newly designation class of preferred stock consists of one million () shares, par value $ per share. Each holder of Series A Convertible Stock may from time to time, convert any or all of such holder’s shares of Series A Preferred into fully paid and non-assessable shares of common stock of the Company in an amount equal to 100 shares of the Company’s common stock. Series A Preferred votes together with common stock and is entitled to one hundred (100) votes of common stock for each preferred share held. In any liquidation, holders of Series A Preferred shares will not have any priority or preference with respect to any distribution of any assets of the Company. Shares of Series A Preferred have no dividend rights, and except as otherwise required by law, holders of Preferred Stock shall have no preemptive rights. The effective date of the amendment is February 27, 2026.
The designation of the Series A Convertible Preferred Stock is intended to facilitate a potential change of control transaction. As of the date of this report, shares of Series A Convertible Preferred Stock have been issued, no definitive agreement providing for a change of control has been consummated, and no change of control of the Company has occurred.
Common stock
As at June 30, 2026, the company has shares of common stock issued and outstanding.
On June 30, 2026, the Company issued common shares at $ per share for cash payment of $35,000. |