10/28/2024 | Press release | Distributed by Public on 10/28/2024 09:18
Item 3.02 |
Unregistered Sales of Equity Securities |
On October 23, 2024, SecureTech Innovations, Inc. ("SecureTech") SecureTech entered into an agreement converting $50,000 in past due accounts payable to a related party into a non-interest bearing $50,000 convertible promissory note.
Subsequently, on October 24, 2024, the note holder converted the outstanding $50,000 convertible promissory note into 100,000,000 shares of SecureTech's common stock, $0.001 par value.
Following this note conversion, on October 25, 2024, SecureTech and the original note holder signed a Share Exchange Agreement in which 100,000,000 shares of SecureTech's common stock were exchanged for 10,000 shares of its Series A Preferred Stock, $0.001 par value.
As of October 28, 2024, SecureTech had 78,076,881 shares of its common stock issued and outstanding and 13,400 shares of its Series A Preferred Stock issued and outstanding.
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