Company: TGNT
Filing Date: 2025-05-07
Form Type: S-1/A
Source: 0001477932-25-003416
Chunk: 105

Company: Totaligent, Inc.
Filing Date: 2025-05-07
Form: S-1/A
Chunk 105
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forward of approximately $ and $, respectively. The federal net operating loss carryforwards do not expire but may only be used against taxable income to 80%. No tax benefit has been reported in the consolidated financial statements. The annual offset of this carryforward loss against any future taxable profits may be limited under the provisions of Internal Revenue Code Section 381 upon any future change(s) in control of the Company.

10. Subsequent events

On September 5, 2023, the Company entered into a business development agreement, which included the ability for . On March 12, 2025, the unvested Shares which were mistakenly issued in contravention of the terms of the Business Development Agreement were deemed void ab initio, cancelled, and permanently retired, and were removed from the Company’s issued and outstanding capital.

On January 1, 2024, the Company entered into an employment agreement, which included the ability for . On March 12, 2025, the unvested Shares which were mistakenly issued in contravention of the terms of the Employment Agreement were deemed void ab initio, cancelled, and permanently retired, and were removed from the Company’s issued and outstanding capital.

On February 18, 2025, the Company issued a $ face value convertible note payable at $ per share.

On March 28, 2025, the Company issued two $ face value convertible notes payable at $ per share.

On April 21, 2025, the Company entered into a Limitation of Conversion Agreement with Karolus Maximus Kapital, Inc. to limit its equity ownership to protect the Company’s shareholder structure.

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