Company: GRPS
Filing Date: 2025-10-15
Form Type: 10-Q
Source: 0001683168-25-007573
Chunk: 60

Company: Trans American Aquaculture, Inc
Filing Date: 2025-10-15
Form: 10-Q
Item: Part II, Item 2
Chunk 60
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On March 28, 2025, we entered into a Securities
Purchase Agreement (the “SPA”) with GHS Investments LLC (“GHS”) pursuant to which the Company may sell to GHS
up to an aggregate of 104 shares of Series D Preferred Stock for an aggregate of up to $104,000 ($1,000 for each share of Series D Preferred
Stock).

In addition, pursuant to the SPA and at each
closing, the Company agreed to issue to GHS warrants to purchase shares of the Company’s Common Stock equal to 50% of the number
of Conversion Shares issuable upon conversion of the shares of Series D Preferred Stock purchased by GHS with an exercise price of 115%
of the closing bid price the trading day prior to each issuance.

On April 2, 2025, GHS purchased 15 shares
of Series D Preferred Stock under the 2025 SPA. 40,350,887 warrants were issued to GHS.

On June 18, 2025, GHS purchased 25 shares
of Series D Preferred Stock under the 2025 SPA. 67,251,462 warrants were issued to GHS.

The sales of Series D Preferred Stock and warrants
were made in reliance on Rule 506(b) of Regulation D promulgated under the Securities Act of 1933, as amended (the “Securities
Act”), and were made without general solicitation or advertising. The purchaser represented that it was an “accredited investor”
with access to information about the Company sufficient to evaluate the investment and that the securities were being acquired without
a view to distribution or resale in violation of the Securities Act. The securities offered have not been registered under the Securities
Act and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements
of the Securities Act. No sales commissions were paid in connection with the sales of these securities.

Item 5. Other Information.

During the quarter ended June 30, 2025, no director
or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,”
as each term is defined in Item 408(a) of Regulation S-K.

 24 

Item 6. Exhibits

    SEC Ref. No.
    Title of Document
  
    31.1*
    Rule 13a-14(a) Certification by Principal Executive Officer