Company: GRPS
Filing Date: 2025-10-15
Form Type: 10-Q
Source: 0001683168-25-007573
Chunk: 21

Company: Trans American Aquaculture, Inc
Filing Date: 2025-10-15
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 Rights Agreement; and (ii) have the Registration Statement declared effective by the SEC within
60 calendar days after the date the Registration Statement is filed with the SEC, but in no event more than calendar 120 days after the
Registration Statement is filed.

The Company will use
the proceeds from the Puts for general corporate and working capital purposes and acquisitions or assets, businesses, or operations or
for purposes the Board of Directors deems to be in the best interests of the Company.

 15 

Securities Purchase Agreements

On January 20, 2023,
The Company entered into a Securities Purchase Agreement with GHS (the “GHS SPA”) pursuant to which 250 shares
of Series D Preferred Stock for $250,000 were sold to GHS at a price per share of $1,000. In addition, pursuant to the GHS SPA,
the Company issued to GHS warrants to purchase 46,296,296 shares of common stock exercisable at $0.005175 per share and
terminating on January 20, 2028.

On April 18, 2023, the Company entered into an
Amended Securities Purchase Agreement with GHS (the “Amended SPA”) pursuant to which the Company sold to GHS 102 shares
of Series D Preferred Stock for $102,000 ($1,000 for each share of Series D Preferred Stock). In addition, pursuant to the
Amended SPA, the Company issued to GHS warrants to purchase 20,606,061 shares of Common Stock exercisable at $0.00391 per
share and terminating on January 20, 2028.

On May 22, 2023, the
Company entered into an Amended Securities Purchase Agreement with GHS (the “Amended SPA”) pursuant to which the Company
sold to GHS 184 shares of Series D Preferred Stock for $184,000 ($1,000 for each share of Series D Preferred Stock).
In addition, pursuant to the Amended SPA, the Company issued to GHS warrants to purchase 42,666,667 shares of Common Stock
exercisable at $0.00345 per share and terminating on January 20, 2028.

On July 6, 2023, the
Company entered into an Amended Securities Purchase Agreement with GHS (the “Amended SPA”) pursuant to which the Company
sold to G