Internet Sciences Inc.

10/02/2024 | Press release | Distributed by Public on 10/02/2024 13:15

Amendments to Bylaws Form 8 K

ITEM 3.02 - UNREGISTERED SALES OF EQUITY SECURITIES

On September 27, 2024, the Registrant issued new Class A common stock as a result of the conversion of all issued and outstanding Class B Shares into Class A Shares. This issuance was not registered under the Securities Act of 1933, as amended, in reliance upon the exemption from registration provided by Section 3(a)(9) of the Securities Act, which exempts securities exchanged by the issuer with its existing security holders. The conversion was part of a broader effort to simplify the capital structure and consolidate voting rights, as described in Item 3.03 of this Report. The conversion and issuance of Class A shares did not involve any sale for cash consideration.