Company: LAAI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006093
Chunk: 4

Company: Loan Artificial Intelligence Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 was incorporated
in the State of Wyoming on October 1, 2022, so there is no impact to the historical financial information. The 625 shares of common stock
were issued by the transfer agent on January 12, 2023.

On August 25, 2023, a change in control of the
Company occurred by virtue of the Company’s largest shareholder, Small Cap Compliance, LLC, selling 300,000 shares of the Convertible
Series D Preferred Stock and the Company issuing 381,250 shares of Restricted Common Stock to Well Profit Holdings Limited. Such shares
represent 100% of the Company’s total issued and outstanding shares of Convertible Series D Preferred Stock and 84.5% of the Company’s
total issued and outstanding shares of Common Stock. As part of the sale of the shares, Ms. Keaveney, owner of Small Cap Compliance, LLC,
arranged with Raymond Fu, control person for Well Profit Holdings Limited, prior to resigning as the sole Officer and member of the Company’s
Board of Directors and to appoint new officers and directors of the Company.

By written consent dated June 2, 2025, stockholders
holding approximately 91.17% of the voting equity of the Company approved and ratified the following corporate actions (“Actions”):
(i) changing the name of the Company from “Vestiage, Inc.” to “Loan Artificial Intelligence Corp.” (the “Name
Change”); and (i) A reverse stock split of all of the issued and outstanding shares of Common Stock of the Company on a 1-for-800 basis, such that each issued and outstanding 800 shares of Common Stock shall become 1 share of Common Stock. The Actions were approved
by the Company’s board of directors by unanimous written consent on June 2, 2025. The Company shall pay cash (without interest)
for such holder’s fractional share equal to the product of the closing sales price of our Common Stock as reported on the OTC Markets
on the effective date multiplied by the fractional share that such holder would otherwise be entitled to receive. The Company has
filed a Definitive Information Statement with the SEC and a corporate action for approval of the Name Change and Reverse Stock Split by
the Financial Industry Regulatory Authority (“FINRA”). At this time, the review of the Actions by FINRA are still in
process.

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NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

B