Company: TGNT
Filing Date: 2025-05-07
Form Type: S-1/A
Source: 0001477932-25-003416
Chunk: 72

Company: Totaligent, Inc.
Filing Date: 2025-05-07
Form: S-1/A
Chunk 72
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 for us to sell equity or equity-related securities in the future at a desirable time and price.

Because the purchase price per share to be paid by the Selling Stockholder for the shares of common stock that we may elect to sell to the Selling Stockholder under the SEPA, if any, will fluctuate based on the market prices of our common stock during the applicable pricing period, as of the date of this prospectus we cannot reliably predict the number of shares of common stock that we will sell to the Selling Stockholder under the SEPA, the actual purchase price per share to be paid by the Selling Stockholder for those shares, or the actual gross proceeds to be raised by us from those sales, if any. As of April 25, 2025, there were 211,251,063 shares of our common stock outstanding. If all of the 100,000,000 shares offered for resale by the Selling Stockholder under the registration statement that includes this prospectus were issued and outstanding as of April 25, 2025, such shares would represent approximately 32.2% of the total number of shares of our common stock outstanding exclusive of the shares issuable pursuant to the conversion of our Series D Preferred Stock.

Although the SEPA provides that we may, in our discretion, from time to time after the date of the SEPA and during the term of the SEPA, direct the Selling Stockholder to purchase shares of our common stock from us in one or more Advances under the SEPA, for a maximum aggregate purchase price of up to $3,000,000, only 100,000,000 shares of common stock (2,500,000 of which represent the Commitment Shares we issued to the Selling Stockholder pursuant to the SEPA as consideration for the Selling Stockholder’s commitment to purchase shares of our common stock under the SEPA) are being registered for resale under the registration statement that includes this prospectus. Assuming all of such 100,000,000 shares were sold to the Selling Stockholder at the maximum 25% discount to the per share price of $0.04, such number of shares might be insufficient to enable us to receive aggregate gross proceeds from the sale of such shares to the Selling Stockholder equal to the Selling Stockholder’s $3,000,000 total aggregate purchase commitment under the SEPA, depending on the final purchase price for each advance. While the market price of our common stock may fluctuate from time to time after the date of this prospectus and,