Company: SCTH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001017386-25-000073
Chunk: 11

Company: Securetech Innovations, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 11
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 advanced anti-theft and anti-carjacking system designed to preserve life and protect property. 

Corporate History

SecureTech, initially incorporated in Wyoming as SecureTech, Inc. on March 2, 2017, later changed its name to SecureTech Innovations, Inc. on December 20, 2017, reflecting our commitment to technological leadership and innovation.

With an eye on future growth, SecureTech subsequently established two wholly-owned subsidiaries: Piranha Blockchain, Inc. (incorporated in Wyoming on November 19, 2021) and Piranha Blockchain, Ltd. (established under Anguilla’s International Business Company laws on November 25, 2021). These subsidiaries will drive our mission to advance cybersecurity technologies within blockchain and cryptocurrency ecosystems, emphasizing mining, digital asset storage, and secure trading exchanges.

To facilitate the restructuring of its Top Kontrol brand, SecureTech established two new subsidiaries in Wyoming on January 27, 2025. Terra Nova Technologies, Inc. was formed to serve as the holding company, overseeing the operations and assets of the brand. Top Kontrol, LLC was created as the operating company, responsible for managing the day-to-day business activities of the brand.

Corporate Structure

The following diagram illustrates our corporate structure as of March 31, 2025:

16

Recent Events

Appointment of New President and Chief Executive Officer

On January 14, 2025, SecureTech appointed J. Scott Sitra as its new President, Chief Executive Officer, Principal Executive Officer, and member of the Board of Directors. Kao Lee, who previously held these positions, has been appointed to the newly created role of General Manager of Top Kontrol. In this new position, Mr. Lee will focus entirely on innovating and developing the Top Kontrol product line, while Mr. Sitra will oversee SecureTech’s day-to-day operations.

Completion of Phase 1 of Share Reduction Program (55% Reduction in Common Shares)

On February 14, 2025, SecureTech canceled 43,100,000 shares of its common stock. This represents a 55% reduction in the total number of common shares issued and outstanding.

Phase 2 of the Share Reduction Program is expected to be completed later this year. The aim is to reduce the total issued and outstanding shares to under 20 million during the fiscal year ending December 31, 2025.

RockerFunder, LLC Engagement

On April 1, 2025, SecureTech entered into an agreement with Rock