Company: AVNI
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001713282-25-000654
Chunk: 20

Company: ARVANA INC
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 2
Chunk 20
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 for aggregate non-cash consideration of $200,000, which was recorded as a debt discount as of the date of the amendment.
 
On July 27, 2025, the Company issued 12,500,000 restricted shares of common stock to its majority stockholder pursuant to a consulting services agreement, in consideration for services rendered and to be rendered. The shares were valued at $0.40 per share, for aggregate non-cash consideration of $5,000,000.
 
The per-share values for the foregoing issuances were based on the quoted market price of the Company’s common stock on the OTC Markets as of the respective issuance dates, each of which represents a Level 1 observable input under ASC 820, Fair Value Measurement. Each of the foregoing issuances was made in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, as a transaction by an issuer not involving any public offering. No underwriters participated, and no commission or other remuneration was paid, in connection with the foregoing issuances.