Company: BSAI
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001096906-25-001383
Chunk: 100

Company: BLUSKY AI INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part II, Item 2
Chunk 100
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Issuance of Common Stock

The Company has claimed exemption from registration under the Securities Act for the sales and issuances of securities in the following transactions under Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder, in that such sales and issuances did not involve a public offering, or under Rule 701 promulgated under the Securities Act, in that they were offered and sold either pursuant to written compensatory plans or pursuant to a written contract relating to compensation, as provided by Rule 701.

On April 1, 2025, the Company issued 200,000 restricted shares of Common Stock to Dan Gay for services rendered prior to that date and pursuant to existing, written employment agreements or other compensation agreements. These shares were valued at the market price of $0.51 per share for a total value of $102,000.

On June 10, 2025, the Company issued 1,100,000 restricted shares of Common Stock to five individuals for services rendered prior to that date and pursuant to existing, written employment agreements or other compensation agreements. These issuances included the issuance of 100,000 shares to Whitney Cluff, 300,000 shares to Lance D’Ambrosio, 500,000 shares to Trent D’Ambrosio, 100,000 shares to Rodney Sperry, and 100,000 shares to Julien Bedard. These shares were valued at the market price of $0.401 per share for a total value of $441,100.

On June 24, 2025, the Company issued 500,000 restricted shares of Common Stock to Wild Mustang, LLC for services rendered prior to that date and pursuant to existing, written employment agreements or other compensation agreements. These shares were valued at the market price of $1.60 per share for a total value of $800,000.

On July 7, 2025, the Company issued 20,000,000 shares to Digital Asset Medium, LLC pursuant to an Acquisition and Power Assignment Agreement. 

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ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable as the Company conducts no mining operations in the U.S. or its territories.

ITEM 5. OTHER INFORMATION

On July 7, 2025, BluSky AI Inc., entered into an Acquisition and Power Assignment Agreement with Digital Asset Medium, LLC (“DAM”),