Company: TGNT
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001477932-25-002496
Chunk: 2

Company: Totaligent, Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1
Chunk 2
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 resigned as the President, Chief Executive Officer and Director of the Company. Brian M. Pullar resigned as Chief Financial Officer of the Company. Klaus Selinger and John Wolfgang resigned from the director position with the Company. Effective on the same date, Edward C. DeFeudis was appointed as the President, Chief Executive Officer, Chief Financial Officer and Director of the Company.

Simultaneously on the Closing Date, the Company entered into that certain Share Exchange Agreement by and among the Company, Venture Track, Inc., a Delaware corporation (“Venture Track”) and the shareholders of Venture Track (the “Venture Track Shareholders”). Pursuant to the Share Exchange Agreement, the Company agreed to exchange the outstanding common stock of Venture Track held by the Venture Track Shareholders for 3,089,360 shares of common stock and 4,500 shares of Series C Convertible Preferred Stock, par value $0.01 per share), of the Company. The 4,500 shares of Series C Preferred Stock are convertible into 6,893,100 shares of the Company’s common stock, at the rate of $1,531.80 per share.

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As a result of the Share Exchange Agreement, Venture Track became a wholly owned subsidiary of the Company.

On January 24, 2017, the Company, CSES Group, Inc. (“CSES”) and CSES Acquisition, Inc. executed an Agreement and Plan of Merger (the “Merger”) pursuant to which, on April 27, 2021, CSES became a wholly owned subsidiary of the Company Merger Sub. As a result of the Merger, the former stockholders of CSES owned approximately 76.60% of the Company’s Common Stock to be outstanding immediately following the Merger. 

On April 21, 2017, in connection with the Merger, the Company’s Certificate of Incorporation was amended to change the Company’s name to Alltemp, Inc. from Source Financial, Inc.

Effective September 29, 2017, the Company entered into a Share Exchange Agreement with Spider Investments, LLC (“Spider”), a company controlled by the former controlling shareholder of the Company prior to the Merger, which provided for Spider to acquire all of the issued and outstanding shares of capital stock of the Company’s wholly-owned subsidiary, Venture Track, Inc., in exchange for  shares of the Company’s common stock. Venture Track, Inc. was a development stage company with certain intellectual property that the Company had previously acquired