Company: MYCB
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001640334-25-002067
Chunk: 293

Company: My City Builders, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1B
Chunk 293
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 of beneficial owners of such shares is not known or included in the foregoing number.

Transfer Agent

Globex Transfer, LLC, 780 Deltona Blvd., Suite 202, Deltona, FL 32725, telephone (813) 344-4490, is the transfer agent for our common stock.

Dividends

During the year ended July 31, 2025, the Company’s Board of Directors approved dividends of $2,374,896. 

We have not paid any cash dividends to date and the amount of $2,339,273 from dividends were settled with receivable from one shareholder in connection with share purchase agreement dated July 8, 2025. As of July 31, 2025, the unpaid dividend was $35,623.  

Securities Authorized for Issuance under Equity Compensation Agreements

None.

Recent Sales of Unregistered Securities

During the past two years, we effected the following transactions in reliance upon exemptions from registration under the Securities Act:

On January 17, 2024, the Company issued 11,400,000 shares of common stock for the settlement of due to a related party of $2,850,000.

On January 22, 2025, the Company issued 4,290,000 shares of common stock for the settlement of due to a related party of $1,716,000.

Issuer Purchases of Equity Securities

None.

ITEM 6. [RESERVED]

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion and analysis of financial condition and results of operations should be read in conjunction with our consolidated financial statements and related notes included elsewhere in this report. This discussion contains forward-looking statements that involve risks, uncertainties and assumptions. See “Note Regarding Forward-Looking Statements.” Our actual results could differ materially from those anticipated in the forward-looking statements as a result of certain factors discussed in “Risk Factors” and elsewhere in this report.

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Overview

In July 2022, we acquired RAC, a Wyoming-based corporation, which was a wholly owned subsidiary of the Company. Through RAC, the Company focuses on real estate transactions, particularly the acquisition, development, and sale or rental of low-income housing. Our investment approach is segmented into three primary areas:

 ·Acquiring, refurbishing, and selling traditional foreclosures; ·Purchasing, developing, and renting properties