Company: TGNT
Filing Date: 2025-05-19
Form Type: 10-Q/A
Source: 0001477932-25-003978
Chunk: 19

Company: Totaligent, Inc.
Filing Date: 2025-05-19
Form: 10-Q/A
Chunk 19
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2025, the Company was not subject to any threatened or pending legal actions or claims.

Significant agreements and contracts

None

8. Equity

Preferred Stock

The Company has authorized a total of shares of preferred stock, par value $ per share. The Company has shares authorized for Series D Preferred Stock. As of March 31, 2025 and December 31, 2024, the Company had issued and shares of Series D Convertible Preferred Stock, respectively. The Company’s Board of Directors has the authority to provide, out of the unissued shares of preferred stock, for one or more series of preferred stock and, with respect to each such series, to fix the number of shares constituting such series and the designation of such series, the voting powers, if any, of the shares of such series, and the preferences and relative, participating, optional or other special rights, if any, and any qualifications, limitations or restrictions thereof, of the shares of such series. The powers, preferences and relative, participating, optional and other special rights of each series of preferred stock, and the qualifications, limitations or restrictions thereof, if any, may differ from those of any and all other series at any time outstanding.

Common Stock

As of March 31, 2025 and December 31, 2024, respectively, the Company had authorized shares of its common stock, par value $ per share. As of March 31, 2025 and December 31, 2024, the Company had shares of common stock issued, and and of common stock outstanding.

Shares to be issued

As of March 31, 2025 and December 31, 2024, the Company had in shares to be issued. The shares to be issued as of March 31, 2025 consist of common stock related to past subscription agreements.

Treasury Stock

In 2021, CSES Group, Inc., which owns all rights, title and interest in Totaligent’s refrigerant technology, was spun out in exchange for the cancellation of an aggregate of shares of Totaligent Common Stock (the “Cancelled Shares”) held by former Totaligent management and shareholders. These shares were returned to the treasury. During the year ended December 31, 2023, the Company issued shares from the treasury in connection with the conversion of shares of Series D Preferred stock. The shares were valued at $, resulting in an offset to paid in capital in the amount of $. During the three months ended March 31,