Company: AHRO
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003767
Chunk: 144

Company: Authentic Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part II, Item 1A
Chunk 144
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Our business faces many risks, a number of which are described in the section captioned “Risk Factors” in our Annual Report for the year ended December 31, 2024, filed with the SEC on April 16, 2025. The risks described in our Annual Report may not be the only risks we face. Other risks of which we are not yet aware, or that we currently believe are not material, may also materially and adversely impact our business operations or financial results. If any of the events or circumstances described in the risk factors contained in our Annual Report occur, our business, financial condition or results of operations could be adversely impacted and the value of an investment in our securities could decline. Investors and prospective investors should consider the risks described in our Annual Report, and the information contained in the section captioned “Forward-Looking Statements” and elsewhere in this Quarterly Report before deciding whether to invest in our securities.

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Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Common Stock

During the three months ended March 31, 2025, the Company issued 9,838,450 shares of its common stock for the conversion of debt valued at $5,903.

During the three months ended March 31, 2024, the Company issued 129,516,484 shares of common shares for the conversion of debt and accrued interest of $32,874.

Stock Options

No stock options were issued during the three months ended March 31, 2025, and 2024. All stock options issued before 2021 were either exercised or expired.

Preferred Stock

During the three months ended March 31, 2025, the Company issued 600 shares of its Series Z Preferred Stock for net proceeds of $15,000.

During the three months ended March 31, 2024, the Company issued 3,200 shares of Series Z Preferred stock for proceeds of $79,980.

These securities were issued pursuant to Section 4(2) of the Securities Act and/or Rule 506 promulgated thereunder. The holders represented their intention to acquire the securities for investment only and not with a view towards distribution. The investors were given adequate information about us to make an informed investment decision. We did not engage in any general solicitation or advertising. We directed our transfer agent to issue the stock certificates with the appropriate restrictive legend affixed to the restricted stock in instances where a restrictive legend was required.

Item 3. Defaults Upon