Company: CRCE
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001096906-25-000275
Chunk: 47

Company: Circle Energy, Inc./NV
Filing Date: 2025-03-20
Form: 10-K
Item: Item 3
Chunk 47
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Item 3:Legal Proceedings  

In the ordinary course of business, we may be, from time to time, a claimant or a defendant in various legal proceedings.  We do not presently have any material litigation pending or threatened requiring disclosure under this item.

Item 4:Mine safety disclosures 

Not applicable. 

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PART II

Item 5:Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 

Market for our Common Stock 

Our common stock is listed on OTC Markets under the trading symbol “CRCE.”  Our listing on OTC Markets began in December 2022.  Trading initiated on our stock on February 23, 2023.

Record Holders

As of March 19, 2025, there are approximately 66 holders of record of our common stock.   

Dividend Policy

We do not currently anticipate paying any cash dividends on our common stock. We currently intend to retain future earnings, if any, to pay down debt and finance the expansion of our business. Our future dividend policy is within the discretion of our Board of Directors and will depend upon various factors, including our business, financial condition, results of operations, capital requirements and investment opportunities. 

Recent Sales of Unregistered Securities and Use of Proceeds from Registered Securities

During the past three years the registrant has sold the following securities which were not registered under the Securities Act:

From January 26, 2022, through March 2, 2022, the Company conducted a non-public offering of its common stock at $0.80 per share solely to accredited investors under Rule 506(b) of Regulation D promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended.  The Company sold 330,000 shares to 46 accredited investors for gross proceeds of $264,000.  At the time of the sale of the shares, the Company reasonably believed that each purchaser was an “accredited investor” as defined in Rule 501(a) of Regulation D. No underwriting discounts or commissions were paid in connection with the transactions. 

There were no sales of securities during 2023 or 2024.

Issuer Repurchases

We did not make any repurchases of our equity securities during the year ending December 31, 2024. 

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Item 6:Selected Financial Data 

The selected financial information set forth below is derived from