# EDGAR Filing Document

**Accession Number:** 0002089189
**File Stem:** 0001493152-25-016938
**Filing Date:** 2025-10
**Character Count:** 108025
**Document Hash:** 0c19bbcc94a2aa6ca4e831946d6e0ad9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-016938.hdr.sgml**: 20251003

**ACCESSION NUMBER**: 0001493152-25-016938

**CONFORMED SUBMISSION TYPE**: 10-12G

**PUBLIC DOCUMENT COUNT**: 55

**FILED AS OF DATE**: 20251003

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BTCS Labs Inc.
- **CENTRAL INDEX KEY:** 0002089189

**ORGANIZATION NAME:**
- **EIN:** 393796133
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-12G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56785
- **FILM NUMBER:** 251375102

**BUSINESS ADDRESS:**
- **STREET 1:** 300 W. LANCASTER AVE.
- **CITY:** WAYNE
- **STATE:** PA
- **ZIP:** 19087
- **BUSINESS PHONE:** 202-430-6576

**MAIL ADDRESS:**
- **STREET 1:** 300 W. LANCASTER AVE.
- **CITY:** WAYNE
- **STATE:** PA
- **ZIP:** 19087

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10**

**GENERAL FORM FOR REGISTRATION OF SECURITIES**

**Pursuant to Section 12(b) or (g) of The Securities Exchange Act of 1934**

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| |
|:---|
| **BTCS Labs Inc.** |
| *(Exact name of registrant as specified in charter)* |

---

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| | |
|:---|:---|
| **Nevada** | **39-3796133** |
| *(State or other jurisdiction of*<br> *incorporation or organization)* | *(I.R.S. Employer*<br> *Identification No.)* |
| **303 W. Lancaster Ave. #135, Wayne, PA** | **19087** |
| *(Address of principal executive offices)* | *(Zip Code)* |

---

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| |
|:---|
| **610-422-9477** |
| *(Registrant*'*s telephone number, including area code)* |

---

Securities to be registered pursuant to Section 12(b) of the Act: None

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| | |
|:---|:---|
| **Title of each class to be registered** | **Name of each exchange on which**<br> **each class is to be registered** |

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Securities to be registered pursuant to Section 12(g) of the Act:

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| |
|:---|
| **Common Stock, $0.001 par value** |
| *(Title of class)* |

---

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer ☒ Smaller reporting company ☒ <br> Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**TABLE OF CONTENTS**

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| | | |
|:---|:---|:---|
| | | Page |
| [INFORMATION REQUIRED IN REGISTRATION STATEMENT](#a_001) | [INFORMATION REQUIRED IN REGISTRATION STATEMENT](#a_001) | 3 |
| Item 1. | [Business](#a_002) | 3 |
| Item 1A. | [Risk Factors](#a_003) | 4 |
| Item 2. | [Plan of Operations](#a_004) | 7 |
| Item 3. | [Properties](#a_005) | 9 |
| Item 4. | [Security Ownership of Certain Beneficial Owners and Management](#a_006) | 9 |
| Item 5. | [Directors and Executive Officers](#a_007) | 9 |
| Item 6. | [Executive Compensation](#a_008) | 10 |
| Item 7. | [Certain Relationships and Related Transactions, and Director Independence](#a_009) | 10 |
| Item 8. | [Legal Proceedings](#a_010) | 11 |
| Item 9. | [Market Price of and Dividends on Registrant's Common Equity and Related Stockholder Matters](#a_011) | 11 |
| Item 10. | [Recent Sales of Unregistered Securities](#a_012) | 11 |
| Item 11. | [Description of Registrant's Securities](#a_013) | 11 |
| Item 12. | [Indemnification of Directors and Officers.](#a_014) | 12 |
| Item 13. | [Financial Statements and Supplementary Data](#a_015) | 13 |
| Item 14. | [Changes in and Disagreements with Accountants](#a_016) | 13 |
| Item 15. | [Financial Statements and Exhibits](#a_017) | 13 |
| [SIGNATURES](#a_018) | [SIGNATURES](#a_018) | 14 |

---

**INFORMATION REQUIRED IN REGISTRATION STATEMENT**

**Introductory Comment**

We are filing this General Form for Registration of Securities on Form 10 to register our common stock pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). This registration statement will become effective automatically by operation of law 60 days after the date of filing, or such later date as we may amend this registration statement. Upon effectiveness, we will become subject to the reporting requirements of Section 13(a) of the Exchange Act, including the obligation to file annual reports on Form 10-K (or any successor form), quarterly reports on Form 10-Q (or any successor form), and current reports on Form 8-K, as well as to comply with all other obligations of the Exchange Act applicable to issuers with securities registered under Section 12(g).

**Item 1. Business**

BTCS Labs Inc. ("Labs" or the "Company") is a recently formed Nevada public benefit corporation. The Company's mission is twofold:

&nbsp;&nbsp;&nbsp;&nbsp;1. **Public Benefit Purpose:** To promote and advance the decentralized finance ("DeFi")
 and blockchain ecosystem, in alignment with its chartered obligations as a public benefit
 corporation. In furtherance of this mission, subject to the Company's ability to raise
 sufficient capital to support these initiatives, the Company will actively interact with,
 engage, and build services that provide blockchain ecosystems with a public good. Such activities
 may include supporting open-source blockchain infrastructure, developing protocols that improve
 scalability and security across decentralized networks, and fostering tools that lower barriers
 to participation in DeFi and the emerging blockchain-based digital economy. In addition,
 the Company may engage in such other activities and initiatives that further the advancement,
 adoption, or development of blockchain technologies and decentralized finance, including,
 but not limited to, education and broader public awareness efforts, consistent with its status
 as a public benefit corporation. The Company intends for these efforts to create enduring
 value for the broader blockchain community while simultaneously pursuing shareholder value.

Advancing blockchain technology promotes a specific public benefit because it enables more efficient, secure, and inclusive systems of value exchange and recordkeeping. Blockchain allows for the tokenization and global transfer of assets without reliance on a single trusted intermediary, thereby reducing transaction fees, lowering barriers to participation, and opening borders in commerce. By eliminating unnecessary friction in financial and commercial transactions, blockchain technology has the potential to extend access to capital, payment systems, and economic opportunities to underserved populations worldwide. Much like the internet transformed society through the digitization and proliferation of information on a global scale, blockchain technology provides an infrastructure for the digitization and frictionless movement of value, creating new avenues for innovation, transparency, and trust. In this way, advancing blockchain technology serves not only the interests of participants in the digital economy but also the broader public good by fostering efficiency, accessibility, and global economic integration.

&nbsp;&nbsp;&nbsp;&nbsp;2. **For-Profit Purpose**: In addition to its public benefit mandate, Labs intends to pursue revenue-generating
 activities by developing and delivering sustainable blockchain solutions designed to serve
 both institutional and individual participants in the digital asset ecosystem. These strategies
 include offering products and services that support DeFi applications, providing blockchain
 infrastructure services such as validator operations and node management, and building and
 scaling innovations on Layer 2 protocols to enhance throughput, reduce costs, and expand
 usability across major blockchain networks. The Company may also explore partnerships and
 integrations with Layer 2 networks, blockchain foundations, or decentralized autonomous organizations
 ("DAOs") to accelerate adoption and extend the impact of its solutions. Such
 collaborations could enable Labs to leverage shared resources, gain access to new user communities,
 and participate in governance or ecosystem incentives, while ensuring that its offerings
 remain aligned with industry standards and technological advancements. These revenue-generating
 strategies are intended to complement the Company's mission-driven initiatives by creating
 a sustainable financial base that supports long-term growth and the advancement of the blockchain
 ecosystem as a whole. Labs will not compete with BTCS Inc., but rather complement it by pursuing
 adjacent opportunities that expand blockchain adoption.

In addition to pursuing revenue-generating operations, Labs expects to raise additional capital through equity or debt offerings to fund research and development, expand its technology infrastructure, and scale its operations. As a newly created entity with limited resources, access to external financing will be a critical factor in achieving its strategic objectives. The Company's ability to secure additional financing may be affected by prevailing market conditions, investor demand for public goods-based blockchain-related opportunities, and regulatory developments affecting the DeFi ecosystem.

The Company is not a shell company as defined under applicable SEC rules, and it does not intend to grow its business through the acquisition of operating companies. Instead, Labs is an early-stage company that intends to develop its own blockchain solutions and public benefit initiatives directly, in line with its stated mission.

**Item 1A. Risk Factors**

Investing in our securities involves a high degree of risk. You should carefully consider the risks below, together with all other information in this registration statement.

**Company Status and Strategy**

***Because we are a newly formed company with no operating history, we may never generate revenue or achieve profitability, and investors could lose their entire investment.***

 ****

We were recently incorporated and have not generated any revenues to date. As a development-stage company, we face all of the risks inherent in establishing a new business, including the need to create operating infrastructure, attract and retain qualified personnel, secure financing, and gain market acceptance of our solutions. Our lack of operating history makes it difficult to predict our future prospects, and there can be no assurance that we will achieve profitability. If we are unable to develop our business as planned, investors may lose all or a substantial portion of their investment.

***As of the date of this filing, Charles Allen is our sole officer and director, and because he has other commitments, his limited availability may impair our ability to operate effectively unless we are able to hire additional personnel.***

 ****

At present, Charles Allen is the only executive officer and director of Labs. Mr. Allen also serves as Chief Executive Officer and Chairman of BTCS Inc. and has other personal and professional commitments. Mr. Allen's role with BTCS Inc. may create potential conflicts of interest that could affect his ability to fully perform his duties for Labs. As a result, his ability to devote time to Labs is limited. While his experience in blockchain and public company leadership is valuable, our reliance on a single officer creates concentration of responsibility and key-person risk. In order to execute our business plan, including the development of blockchain solutions and the pursuit of our public benefit mission, we will need to recruit and retain additional officers, directors and operational staff. Attracting such talent in the competitive blockchain industry requires competitive compensation, including cash salaries and equity incentives. Funding these hires will depend on our ability to raise additional capital. If we are unable to secure sufficient financing or fail to attract and retain qualified personnel, our growth and operations could be materially and adversely affected.

***If we are unable to raise sufficient capital to fund competitive compensation programs, we may not be able to attract, retain, or adequately incentivize qualified executives and employees, which could materially harm our business.***

 ****

At present, our sole executive officer, Charles Allen, is serving without compensation, and we have no employment agreements, change-in-control arrangements, or equity incentive plans in place. We anticipate that, as we raise capital, we will need to implement cash and equity-based compensation programs in order to recruit and retain qualified executives, engineers, compliance professionals, and other employees. The blockchain industry is highly competitive, and companies with greater resources are able to offer more attractive compensation packages, including significant cash salaries and equity incentives. If we are unable to raise sufficient funds to establish competitive compensation programs, we may be unable to attract or retain the personnel necessary to execute our business plan or pursue our public benefit mission. Inadequate staffing or the loss of key personnel could materially and adversely affect our ability to operate effectively, innovate, and grow our business.

**Capital & Liquidity**

***If we are unable to obtain additional financing as and when needed, we may not be able to implement our business plan, pursue our public benefit mission, or continue operations, and any financing we do obtain may dilute existing stockholders or restrict our activities.***

 ****

We expect to require significant additional capital to fund both our revenue-generating activities and our public benefit initiatives. There can be no assurance that financing will be available when needed, on favorable terms, or at all. If adequate financing is not available, we may be forced to delay, scale back, or abandon parts of our business plan, including initiatives that would provide public goods to the blockchain ecosystem. To the extent we raise capital through the sale of equity or equity-linked securities, our existing stockholders will experience dilution, and such securities may include rights, preferences, or privileges senior to those of our common stock. To the extent we raise capital through debt financing, such indebtedness could carry restrictive covenants that limit our flexibility to operate our business or pursue strategic opportunities. Any failure to obtain sufficient financing could have a material adverse effect on our business, financial condition, results of operations, and prospects.

***Unfavorable conditions in the capital markets, including downturns in the cryptocurrency industry or broader economic factors, may impair our ability to raise the funds we need to operate and grow our business.***

 ****

Our ability to raise additional financing is highly dependent on conditions in the capital markets and on investor sentiment toward blockchain and cryptocurrency companies. Adverse developments such as sustained downturns in crypto asset prices, reduced trading activity in digital assets, regulatory crackdowns, rising interest rates, tightening monetary policy, inflationary pressures, or negative publicity regarding the industry could all reduce investor appetite for our securities or increase the cost of capital. These conditions may severely limit our access to financing or force us to accept terms that are less favorable and more dilutive or restrictive than we would otherwise seek. If we are unable to access capital on reasonable terms, we may be unable to pursue our planned operations, which could materially harm our business and financial condition.

***Our future growth depends entirely on our ability to successfully raise capital to develop and market our own blockchain solutions and to support our public benefits mission.***

 ****

We are not organized for the purpose of acquiring other operating businesses, nor do we intend to grow through acquisitions. Instead, our strategy is to develop proprietary solutions and services in blockchain and decentralized finance. If we are unable to successfully design, market, and implement these offerings, our opportunities for growth will be limited, which could adversely impact our long-term prospects.

**Risks Related to Blockchain and Digital Assets**

***If blockchain networks and digital assets fail to gain broad adoption, demand for blockchain based products and services may never materialize, and our business may not succeed.***

 ****

Our business model depends on the continued adoption and use of blockchain technology and crypto assets. These markets are still developing, and their growth depends on factors beyond our control, including regulatory developments, scalability of networks, security of protocols, and public perception. If blockchain networks fail to achieve widespread adoption, demand for our planned services may remain limited, and our business may not succeed.

***Although the regulatory environment for blockchain and digital assets has improved under the current administration, future administrations could adopt more restrictive policies, and ongoing regulatory uncertainty may materially affect our business.***

 ****

Blockchain and digital assets are subject to evolving regulatory frameworks. In the United States, recent actions under the current administration have created a more constructive regulatory environment for blockchain innovation, which we believe may reduce some of the risks that previously existed. However, there can be no assurances or guarantees that these regulatory conditions will continue, particularly if there is a change in administration or policy direction in the future. U.S. and foreign regulators, including but not limited to the SEC, Commodity Futures Trading Commission, Financial Crimes Enforcement Network, Office of Foreign Assets Control, and state regulators, may at any time impose licensing requirements, classify certain tokens as securities, or restrict activities such as staking or DeFi participation. Compliance with new or changing rules may require significant expense or operational changes and, in some cases, may render certain business lines impractical. If we are unable to comply with applicable regulations, we may have to curtail or discontinue portions of our operations, which could materially harm our business, financial condition, and prospects.

***Because blockchain activities may involve anti-money laundering, sanctions, and other compliance risks, we could face investigations or penalties if our controls are insufficient.***

 ****

The pseudonymous nature of blockchain transactions can make them attractive for illicit activities. If our compliance policies and procedures fail to prevent money laundering, terrorist financing, or dealings with sanctioned parties, we may be subject to regulatory investigations, penalties, or reputational harm. Even inadvertent involvement in prohibited transactions could have severe consequences for our business.

***If we hold or receive crypto assets, their value may decline rapidly or they may become illiquid, which could negatively affect our financial position.***

 ****

Crypto assets are volatile and may lose substantial value in short periods. They may also become illiquid due to market conditions, protocol lock-up periods, exchange outages, or regulatory restrictions. Any crypto assets we hold could be subject to impairment charges, which would adversely affect our results of operations.

***Although we do not currently hold any digital assets, we expect that we will in the future, and cybersecurity incidents or the loss of private keys at that time could result in the theft of our digital assets and significant reputational harm.***

 ****

At present, Labs does not hold any digital assets. However, as our business develops, we anticipate that we will acquire, hold, or receive digital assets in connection with our operations. When this occurs, the security of our systems and the safeguarding of private keys will be critical. A breach of our systems, a hack of our wallets, insider misconduct, or even simple human error could result in the loss or theft of assets. Unlike traditional bank accounts, digital assets generally cannot be recovered once lost. Any such incident, once we begin holding digital assets, could materially affect our financial results and significantly damage our reputation and credibility in the marketplace.

***Uncertainty in the accounting and tax treatment of digital assets may result in unexpected liabilities or the need to restate our financial results.***

 ****

The accounting and tax rules applicable to digital assets are complex and still developing. Standards governing the recognition, measurement, and disclosure of staking rewards, token distributions, or asset impairments are unsettled. Tax authorities may also issue new guidance on the character, timing, or sourcing of digital asset transactions. These uncertainties may lead to increased costs, unexpected liabilities, or restatements of our financial results.

***The tools and procedures available to properly account for digital assets are still developing, and if we are unable to maintain accurate and auditable financial records, we may not be able to meet SEC reporting requirements, which could materially harm our business.***

 ****

The accounting infrastructure for digital assets remains in its infancy. While traditional financial reporting systems are well-established for fiat transactions, the tools and procedures available for accurately tracking, valuing, and recording digital asset transactions are still evolving and may be unreliable or incomplete. As our business develops and we begin to hold or transact in digital assets, we may encounter difficulties implementing controls and systems capable of producing financial records that are accurate, comprehensive, and compliant with U.S. generally accepted accounting principles ("GAAP") and SEC requirements. If we are unable to maintain proper books and records, or if our auditors are unable to rely on the systems and information we provide, we may fail to produce timely and auditable financial statements. Such a failure could cause us to fall out of compliance with our SEC reporting obligations, impair investor confidence in our financial information, and materially and adversely affect our business, reputation, and access to capital markets.

**Risks Related to Our Public Benefit Corporation Structure**

***Because we are a public benefit corporation, we may allocate resources to initiatives that are solely for public good and may not generate profits, which could cause some investors to view an investment in us less favorably.***

 ****

As a Nevada public benefit corporation, we are legally required to balance the pecuniary interests of stockholders with our stated public benefit mission of advancing blockchain ecosystems. This means that we may at times choose to devote resources to projects that primarily or exclusively provide public goods, such as open-source software, shared infrastructure, or ecosystem support, that may benefit the blockchain industry broadly but do not produce direct or meaningful financial returns for Labs or its shareholders. While we believe such efforts may create long-term value by strengthening the ecosystem in which we operate, they may not maximize short-term or even long-term profits. As a result, some investors may view an investment in us less favorably compared to traditional corporations that are solely focused on shareholder return.

**Risks Related to Our Securities**

***There is currently no public market for our common stock, and we cannot assure you that one will ever develop or that any trading market would provide liquidity.***

 ****

Our common stock is not listed on a national securities exchange or quoted on any over-the-counter market. We cannot assure you that we will qualify for or be able to obtain such a listing or quotation. Even if we are successful in doing so, there can be no assurance that an active trading market will develop or be sustained, or that liquidity in our stock will ever exist. If a market does develop, the price of our common stock may fluctuate significantly due to factors such as digital asset price volatility, regulatory developments, technological changes, financing activities, or general economic conditions. As a result, investors may find it difficult to sell their shares at desired prices, or at all.

**Item 2. Plan of Operations**

The following discussion should be read together with our financial statements and related notes included elsewhere in this registration statement. The discussion contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors, including those discussed under "Risk Factors" and elsewhere in this registration statement.

*Overview*

 

Labs was incorporated in Nevada on December 24, 2024, as a for-profit corporation. On September 19, 2025, the Company amended its Articles of Incorporation to convert into a public benefit corporation. To date, our activities have been limited primarily to organizational matters, capital formation, and planning our business strategy. We have not generated revenues since inception, and our expenses have consisted primarily of formation costs and professional fees associated with this registration statement.

*Results of Operations*

 

Because Labs is a newly formed entity, our operating activities to date have been limited primarily to organizational matters, capital formation, and professional fees related to our formation and this registration statement. We have not generated revenues since inception, and our expenses to date have consisted primarily of formation costs and professional service fees. Future operating results will depend on our ability to raise capital, recruit and retain employees, and execute our business plan, which includes developing blockchain solutions and pursuing public benefit initiatives to support blockchain ecosystems.

*Liquidity and Capital Resources*

 

Since inception, our operations have been funded through the sale of common stock to Charles Allen, our sole officer and director, who purchased shares for $10,000, and to BTCS Equity Partners LLC, an entity over which Mr. Allen exercises voting and dispositive control, which purchased shares for $40,000. These issuances occurred on September 22, 2025, and September 29, 2025, respectively, for an aggregate purchase price of $50,000. On September 24, 2025, the Company redeemed 100 shares of common stock from BTCS Inc., our former parent, for a redemption price equal to our formation costs of approximately $1,594. As a result, we had cash on hand of approximately $41,939 as of September 30, 2025.

We expect to require significant additional capital to fund our operations, including personnel, technology development, compliance, and other expenses necessary to execute our strategy. We intend to seek such funding through equity and/or debt financings. There can be no assurance, however, that financing will be available on acceptable terms, or at all.

*Plan of Operations*

 

Over the next 12 months, our plan is to:

● Develop and begin testing initial blockchain infrastructure services and solutions,

● Explore potential partnerships with Layer 2 networks, blockchain foundations, and decentralized autonomous organizations (DAOs),

● Recruit additional executives and employees to build operational capacity, and

● Raise additional capital to support both revenue-generating activities and public-benefit initiatives.

If we are unable to raise sufficient funds, we may be forced to delay or scale back our planned operations.

*Off-Balance Sheet Arrangements*

 

We do not have any off-balance sheet arrangements, as defined by Item 303 of Regulation S-K, that have or are reasonably likely to have a material current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures, or capital resources.

*Contractual Obligations*

 

As of the date of this registration statement, we do not have any material contractual obligations, commitments, or contingencies.

**Item 3. Properties**

Labs. is a remote-first company. The Company does not own or lease any physical office space. The Company has no plans to acquire or lease real property in the foreseeable future.

**Item 4. Security Ownership of Certain Beneficial Owners and Management**

The following table sets forth information as of the date of this registration statement regarding beneficial ownership of our common stock by:

● each person or group known by us to beneficially own more than 5% of our outstanding common stock,

● each of our directors and named executive officers, and

● all of our directors and executive officers as a group.

Unless otherwise indicated, beneficial ownership is determined in accordance with the rules of the SEC and includes voting and investment power with respect to the securities. Percentages are based on 500,000 shares of common stock outstanding as of September 30, 2025.

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| | | |
|:---|:---|:---|
| **Name and Address of Beneficial Owner (1)** | **Number of Shares Beneficially Owned** | **Percent of Class (2)** |
| Charles Allen (3) | 100000 | 20% |
| BTCS Equity Partners LLC (4) | 400000 | 80% |
| All directors and executive officers as a group (1 person) | 500000 | 100% |

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(1) The address of the beneficial owner listed is: 303 W. Lancaster Ave, Wayne, PA 19087.

(2) Based on 500,000 shares of common stock outstanding as of September 30, 2025.

(3) Charles Allen is our sole executive officer and director. He directly owns 100,000 shares of common stock and also exercises voting and dispositive control over the shares held by BTCS Equity Partners LLC.

(4) BTCS Equity Partners LLC is an entity controlled by Charles Allen. Accordingly, Mr. Allen may be deemed the beneficial owner of the securities held by BTCS Equity Partners LLC.

**Item 5. Directors and Executive Officers**

As of the date of this registration statement, our executive officers and directors, their ages, positions, and brief biographies are as follows:

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| | | |
|:---|:---|:---|
| **Name** | **Age** | **Position(s)** |
| Charles Allen | 50 | Chief Executive Officer (Principal Executive Officer), President, Secretary, Treasurer, Chief Financial Officer (Principal Financial Officer) and Director |

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**Charles Allen.** Mr. Allen currently serves as our Chief Executive Officer (Principal Executive Officer), President, Secretary, Treasurer, Chief Financial Officer (Principal Financial Officer) and our sole director. Since 2014, Mr. Allen has served as the Chief Executive Officer and Director of BTCS Inc. and has overseen its growth into one of the first U.S. publicly traded companies focused on blockchain technology. Since July 2023, Mr. Allen has served as a director of 60 Degrees Pharmaceuticals, Inc. (NASDAQ: SXTP), a pharmaceutical company. Additionally, from December 2022 until November 2024, Mr. Allen served as a director of Innovation1 Biotech, Inc. (OTC: IVBT), a former drug discovery company. Mr. Allen has extensive experience in corporate finance, blockchain infrastructure, and digital asset markets. Prior to his role at BTCS Inc., Mr. Allen worked in investment banking and held senior roles advising technology and growth-stage companies. Mr. Allen's leadership, industry experience provides Labs with both strategic direction and capital markets expertise.

**Governance Structure.**

Labs is incorporated as a Nevada public benefit corporation. Under Nevada law, our directors are required to balance (i) the pecuniary interests of our stockholders, (ii) the best interests of those materially affected by the corporation's conduct, and (iii) the specific public benefit identified in our articles of incorporation, which, consistent with NRS 78B.060, is to advance the blockchain ecosystem. Our board of directors ("Board") is currently composed of a single director. As the Company grows, we expect to expand the Board to include additional members with expertise in blockchain technology, corporate governance, compliance, and public benefit corporation stewardship.

**Legal Proceedings**

None of our directors or executive officers is involved in any legal proceeding requiring disclosure under Item 401(f) of Regulation S-K.

**Item 6. Executive Compensation**

As of the date of this registration statement, Labs has not paid any cash compensation or granted any equity or other incentive awards to its executive officer or directors. Charles Allen, our sole executive officer and director, has agreed to serve in his current roles without compensation until such time as the Company raises sufficient capital to fund operations.

We anticipate that, as Labs raises capital and expands its operations, our Board will adopt an executive compensation program designed to attract and retain qualified officers and employees. Such a program is expected to include a combination of cash compensation, equity-based awards (such as stock options or restricted stock units), and benefits consistent with those offered by companies of similar size and stage in the blockchain industry.

No amounts were paid or accrued for compensation of directors or executive officers during our most recently completed fiscal year or since inception. We currently have no employment agreements, change-in-control arrangements, or equity incentive plans in place, although we expect to establish such arrangements in the future as part of our long-term growth strategy.

**Item 7. Certain Relationships and Related Transactions, and Director Independence**

As of the date of this registration statement, Charles Allen, our Chief Executive Officer, President, Secretary, Treasurer, and sole director, is the only executive officer, director, or significant stockholder of Labs.

On September 22, 2025, Charles Allen purchased 100,000 shares of our common stock for an aggregate purchase price of $10,000. On September 29, 2025, BTCS Equity Partners LLC, an entity over which Mr. Allen exercises voting and dispositive control, purchased 400,000 shares of our common stock for an aggregate purchase price of $40,000. Together, these purchases represented 100% of our 500,000 issued and outstanding shares of common stock as of that date. As a result of these purchases, Mr. Allen currently controls all of the voting power of our capital stock, both directly and through his control of BTCS Equity Partners LLC.

On September 24, 2025, Labs redeemed 100 shares of its common stock from BTCS Inc., to which Labs was formerly a subsidiary. The redemption price for those shares equaled the formation cost of Labs. Following this redemption, BTCS Inc. ceased to have any ownership interest in Labs.

Other than the transactions described above, there have been no transactions since our inception, and there are no currently proposed transactions, in which the Company was or is to be a participant, and in which any related person had or will have a direct or indirect material interest.

**Item 8. Legal Proceedings**

The Company is not currently a party to any legal proceedings.

**Item 9. Market Price of and Dividends on Registrant's Common Equity and Related Stockholder Matters**

There is currently no established public trading market for our common stock, and our shares are not listed on any securities exchange or quoted on any over-the-counter market. We cannot assure that an active trading market will develop for our common stock. As of the date of this registration statement, there are two holders of record of our common stock.

We have not declared or paid any cash dividends on our common stock to date. We currently intend to retain any future earnings to fund the development and growth of our business, and therefore do not anticipate paying dividends in the foreseeable future.

**Item 10. Recent Sales of Unregistered Securities**

On September 22, 2025, the Company issued 100,000 shares of its common stock to Charles Allen for an aggregate purchase price of $10,000. On September 29, 2025, the Company issued 400,000 shares of its common stock to BTCS Equity Partners LLC, an entity over which Mr. Allen exercises voting and dispositive control, for an aggregate purchase price of $40,000. The issuances were made in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933 ("Securities Act"), and Rule 506 of Regulation D promulgated thereunder, as a transaction not involving a public offering.

At the same time, the Company redeemed 100 shares of its common stock from BTCS Inc., its former parent, for a redemption price equal to the formation cost of the Company (approximately $1,594). The redemption was conducted in a private transaction, did not involve a public offering, and resulted in BTCS Inc. ceasing to have any ownership interest in the Company.

Other than the transactions described above, the Company has not issued or sold any unregistered securities since its inception.

**Item 11. Description of Registrant's Securities**

The following description summarizes the material terms of our capital stock. The summary does not purport to be complete and is qualified in its entirety by reference to our articles of incorporation and bylaws, which are filed as exhibits to this registration statement.

***Authorized Capital Stock***

 ****

Our articles of incorporation authorize the issuance of 2,000,000,000 shares of common stock, par value $0.001 per share. As of September 30, 2025, there were 500,000 shares of common stock issued and outstanding, all of which are either held by Charles Allen or beneficially controlled by, our sole executive officer and director.

***Common Stock***

 ****

Holders of our common stock are entitled to one vote per share on all matters submitted to a vote of stockholders. Our common stock does not have cumulative voting rights. Subject to the rights of any preferred stock that may be authorized in the future, holders of common stock are entitled to receive ratably such dividends as may be declared by our Board out of legally available funds. In the event of our liquidation, dissolution, or winding up, holders of common stock are entitled to share ratably in all assets remaining after payment of liabilities and satisfaction of any liquidation preferences of any then-outstanding preferred stock. Holders of common stock have no preemptive rights, conversion rights, or redemption rights. All outstanding shares of common stock are fully paid and nonassessable.

***Preferred Stock***

 ****

We are authorized to issue 100,000,000 shares of $0.001 par value preferred stock in one or more series with such designations, voting powers, if any, preferences and relative, participating, optional or other special rights, and such qualifications, limitations and restrictions, as are determined by resolution of our Board. The issuance of preferred stock may have the effect of delaying, deferring or preventing a change in control of the Company without further action by shareholders and could adversely affect the rights and powers, including voting rights, of the holders of common stock. In certain circumstances, the issuance of preferred stock could depress the market price of the common stock.

***Dividends***

 ****

We have not declared or paid any cash dividends on our common stock to date. Any future determination to declare and pay dividends will be at the discretion of our Board and will depend on many factors, including our financial condition, operating results, capital requirements, and other factors our Board deems relevant.

***Transfer Agent and Registrar***

 ****

We currently do not have a transfer agent for our common stock. We intend to appoint a qualified transfer agent prior to any listing or quotation of our shares on a national securities exchange or over-the-counter market.

**Item 12. Indemnification of Directors and Officers.**

Our articles and bylaws provide that we shall indemnify, to the fullest extent permitted by the Nevada Revised Statutes ("NRS"), each of our directors and officers against expenses (including attorneys' fees), judgments, fines, and amounts paid in settlement, actually and reasonably incurred by such person in connection with any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative, by reason of the fact that such person is or was a director, officer, employee, or agent of the Company, or is or was serving at the request of the Company in such a capacity for another entity.

Under the NRS, indemnification is not permitted if a director or officer is adjudged liable to the Company or for amounts paid in settlement to the Company, unless and only to the extent that a court of competent jurisdiction determines that such person is fairly and reasonably entitled to indemnification. Further, indemnification may not be made for any claim, issue, or matter as to which a director or officer has been adjudged to be liable for intentional misconduct, fraud, or a knowing violation of law.

The NRS also permits a Nevada corporation to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee, or agent of the Company, against any liability asserted against such person in such capacity, whether or not the Company would have the power to indemnify such person under the provisions of the NRS. Subject to raising additional capital, we expect to obtain directors' and officers' liability insurance in amounts customary for similarly situated companies.

Insofar as indemnification for liabilities arising under the Securities Act, may be permitted to directors, officers, or persons controlling the Company pursuant to the foregoing provisions, we have been advised that, in the opinion of the SEC, such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

**Item 13. Financial Statements and Supplementary Data**

See pages F-1– F-14.

**Item 14. Changes in and Disagreements with Accountants**

None

**Item 15. Financial Statements and Exhibits**

(a) Audited financial statements from inception (December 24, 2024) to December
 31, 2024.

(b) Unaudited financial statements for the nine months ended September 30,
 2025.

(c) Exhibit table.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | | **Incorporated by Reference** | **Incorporated by Reference** | **Incorporated by Reference** |
| <br>**Exhibit #** | <br>**Exhibit Description** | **Form** | **Date** | **Number** |
| 3.1 | [Articles of Incorporation](ex3-1.htm) |  |  | Filed |
| 3.1(a) | [Amendment No. 1 to Articles of Incorporation](ex3-1a.htm) |  |  | Filed |
| 3.2 | [Bylaws](ex3-2.htm) |  |  | Filed |

---

Copies of this Form 10 (including the financial statements) and any of the exhibits referred to above will be furnished at no cost to our shareholders who make a written request to the Company, Attention: Corporate Secretary.

**SIGNATURES**

Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **BTCS Labs Inc.** | **BTCS Labs Inc.** |
| October 3, 2025 | By: | */s/ Charles Allen* |
|  |  | Charles W. Allen |
|  |  | Chief Executive Officer (Principal Executive Officer) |

---

---

| | |
|:---|:---|
| ![](audit_001.jpg) | ***Nevada Office:***<br> ****<br> 770 East Warm Springs Road<br> Suite 225<br> Las Vegas, Nevada 89119<br> 702.413.6000<br>*<u>www.rbsmllp.com</u>* |

---

 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of

BTCS Labs Inc.

**Opinion on the Financial Statements**

We have audited the accompanying balance sheet of BTCS Labs Inc. (The "Company") as of December 31, 2024, and the related statements of operations, stockholders' equity, and cash flows from inception (December 24, 2024) to December 31, 2024, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and the results of its operations and its cash flows from inception (December 24, 2024) to December 31, 2024 in conformity with accounting principles generally accepted in the United States of America.

**The Company's Ability to continue as a Going Concern**

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 5 to the financial statements, the Company has not generated revenue and suffered losses from operations, which raise substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 5. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

**Basis for Opinion**

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

**/s/ RBSM LLP**

We have served as the Company's auditor since 2025.

Las Vegas, Nevada

October 3, 2025

**BTCS Labs Inc.**

**<u>BALANCE SHEET</u>**

---

| | |
|:---|:---|
|  | **As of**<br>**December 31, 2024** |
| **ASSETS** |  |
| **CURRENT ASSETS:** |  |
| Cash and cash equivalents | $- |
| &nbsp;&nbsp;&nbsp;Total current assets | $- |
| **TOTAL ASSETS** | $**-** |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |
| **CURRENT LIABILITIES:** |  |
| **LONG TERM LIABILITIES:** | $- |
| **TOTAL LIABILITIES** | $**-** |
| **STOCKHOLDERS' EQUITY:** |  |
| Common stock, $0.001 par value; 1,000 shares authorized; 100 shares issued and outstanding as of December 31, 2024 | $0 |
| Additional paid-in capital | $1594 |
| Accumulated deficit | $(1594) |
| &nbsp;&nbsp;&nbsp;Total stockholder's equity | $**-** |
| **TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY** | $**-** |

---

**The accompanying notes are an integral part of these financial statements.**

**BTCS Labs Inc.**

**<u>STATEMENTS OF OPERATIONS</u>**

---

| | |
|:---|:---|
|  | **From Inception**<br>**(December 24, 2024)<br> to December 31, 2024** |
| **REVENUE** | $- |
| **OPERATING EXPENSES:** |  |
| &nbsp;&nbsp;&nbsp;General and administrative expenses | $1594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | $1594 |
| **LOSS FROM OPERATIONS** | $(1594) |
| **OTHER INCOME (EXPENSE)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income (expense) | $- |
| **NET LOSS** | $**(1594)** |
| &nbsp;&nbsp;&nbsp;**BASIC NET LOSS PER SHARE** | $**(15.94)** |
| &nbsp;&nbsp;&nbsp;**WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC** | **100** |

---

**The accompanying notes are an integral part of these financial statements.**

**BTCS Labs Inc.**

**<u>STATEMENTS OF STOCKHOLDERS' EQUITY</u>**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Preferred Stock** | **Preferred Stock** | **Common Stock** | **Common Stock** | | | |
|  | **Shares** | **Amount** | **Shares** | **Amount** | **Additional <br>Paid-in**<br>**Capital** |<br> **(Deficit)** | **Total Stockholders**<br>**Equity** |
| **BALANCES AT DECEMBER 24, 2024, (INCEPTION)** |  | $&nbsp;&nbsp;&nbsp;&nbsp; - | - | $&nbsp;&nbsp;&nbsp;&nbsp;- | $- | $- | $- |
| &nbsp;&nbsp;&nbsp;Issuance of common stock in exchange for formation costs |  |  | 100 | 0 | 1594 |  | 1594 |
| &nbsp;&nbsp;&nbsp;Net income (loss) |  | - | - | - | - | (1594) | (1594) |
| **BALANCES AT DECEMBER 31, 2024** |  | $- | 100 | $0 | $1594 | $(1594) | $- |

---

**The accompanying notes are an integral part of these financial statements.**

**BTCS Labs Inc.**

**<u>STATEMENTS OF CASH FLOW</u>**

---

| | |
|:---|:---|
|  | **From Inception**<br>**(December 24, 2024)**<br>**to December 31, 2024** |
| **CASH FLOWS FROM OPERATING ACTIVITIES:** |  |
| &nbsp;&nbsp;&nbsp;Net loss | $**(1594)** |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net (loss) to net cash used in operating activities: |  |
| &nbsp;&nbsp;&nbsp;Proceeds from issuance of common stock | $1594 |
| Net cash (used in) operating activities | $**-** |
| **CASH FLOWS FROM FINANCING ACTIVITIES:** |  |
| Net cash provided by financing activities | $**-** |
| **NET INCREASE IN CASH AND CASH EQUIVALENTS** | $**-** |
| Cash and cash equivalents at beginning of period | $**-** |
| **CASH AND CASH EQUIVALENTS AT END OF PERIOD** | $**-** |

---

**The accompanying notes are an integral part of these financial statements.**

**BTCS Labs Inc.**

**NOTES TO THE FINANCIAL STATEMENTS**

**Note 1 – Organization and Business**

BTCS Labs Inc. ("Labs" or the "Company") was incorporated in Nevada on December 24, 2024. The Company's mission is to promote and advance decentralized finance ("DeFi") and blockchain ecosystems.

The Company has not yet commenced planned principal operations or generated revenues. Activities since inception have been limited to organizational matters, capital formation, and preparation of this registration statement. Accordingly, the Company's financial statements should be viewed in light of the risks and uncertainties typically associated with development stage enterprises.

**Note 2 – Summary of Significant Accounting Policies**

*Basis of Presentation*

 

The accompanying financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP").

*Use of Estimates*

 

The accompanying financial statements have been prepared in conformity with GAAP, which requires management to make estimates and assumptions that affect the reported amounts of expenses and related disclosures. Actual results could differ from those estimates. Given the Company's limited operations to date, management's use of estimates is minimal and primarily relates to the recognition and classification of expenses.

*Recent Accounting Pronouncements*

 

The Company continually assesses new accounting pronouncements to determine their applicability. When it is determined that a new accounting pronouncement affects the Company's financial reporting, the Company undertakes a study to determine the consequences of such change to its Financial Statements and assures that there are proper controls in place to ascertain that the Company's Financial Statements properly reflect the change.

Recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future financial statements.

*Cash and Cash Equivalents*

 

The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. At December 31, 2024, cash and cash equivalents were $0.

*Income Taxes*

 

The Company has incurred losses since inception and accordingly has no provision for income taxes. Deferred tax assets resulting from net operating losses have been fully offset by a valuation allowance as realization of such assets is uncertain.

*Net Income (Loss) Per Share*

 

Basic net income (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. The Company had no potentially dilutive securities outstanding during the periods presented; accordingly, basic and diluted net loss per share are the same.

**Note 3 – Stockholders' Equity**

*Preferred Stock*

 

The Company is not authorized to issue any shares of preferred stock.

*Common Stock*

 

The Company is authorized to issue 1,000 shares of common stock with a par value of $0.001 per share.

On December 24, 2024, BTCS Inc., the Company's former parent, paid $1,594 of formation costs on behalf of the Company in exchange for 100 shares of its common stock.

At December 31, 2024, there were 100 shares of common stock issued and outstanding, all of which were held by BTCS Inc.

**Note 4 – Related Party Transactions** 

As described in Note 3, BTCS Inc. paid $1,594 of formation costs on behalf of the Company in exchange for 100 shares of common stock.

**Note 5 – Going Concern**

The accompanying financial statements have been prepared on a going concern basis, which assumes that the Company will continue to operate in the ordinary course of business. Since inception, the Company has not generated revenues and has incurred net losses, including $1,594 from inception on December 24, 2024 through December 31, 2024. The Company had no cash as of December 31, 2024.

The Company's ability to continue as a going concern is dependent on its ability to raise additional capital to fund operations and ultimately achieve profitable operations. Management intends to seek additional financing through equity and debt offerings; however, there can be no assurance that such financing will be available on acceptable terms, or at all. These conditions raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that the financial statements are issued.

The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

**Note 6 – Subsequent Events**

On September 19, 2025, the Company filed Amended and Restated Articles of Incorporation with the Secretary of State of Nevada, pursuant to which it converted into a public benefit corporation and increased its authorized common stock to 2,000,000,000 shares and authorized 100,000,000 shares of preferred stock.

On September 24, 2025, the Company repurchased and retired 100 shares of common stock held by BTCS Inc. for $1,594.

In September 2025, the Company issued 100,000 shares of its common stock to its sole officer and director for $10,000 and 400,000 shares to BTCS Equity Partners LLC for $40,000.

**BTCS Labs Inc.**

**CONDENSED BALANCE SHEETS**

---

| | | |
|:---|:---|:---|
|  | **As of**<br>**September 30,**<br>**2025** | **As of**<br>**December 31,**<br>**2024** |
|  | **(Unaudited)** | |
| **ASSETS** |  |  |
| **CURRENT ASSETS:** |  |  |
| Cash and cash equivalents | $41939 | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | $41939 | $- |
| **TOTAL ASSETS** | $**41939** | $**-** |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |
| **CURRENT LIABILITIES:** |  |  |
| **LONG TERM LIABILITIES:** | $- | $- |
| **TOTAL LIABILITIES** | $**-** | $**-** |
| **STOCKHOLDERS' EQUITY:** |  |  |
| Preferred stock, $0.001 par value; 100,000,000 shares authorized; none issued and outstanding | $- | **-** |
| Common stock, $0.001 par value; 2,000,000,000 and 1,000 shares authorized as of September 30, 2025 and December 31, 2024, respectively; 500,000 and 100 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | $500 | $0 |
| Additional paid-in capital | $49500 | $1594 |
| Accumulated deficit | $(8061) | $(1594) |
| &nbsp;&nbsp;&nbsp;Total stockholder's equity | $**41939** | $**-** |
| **TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY** | $**41939** | $**-** |

---

**The accompanying notes are an integral part of these unaudited condensed financial statements.**

**BTCS Labs Inc.**

**CONDENSED STATEMENTS OF OPERATIONS**

---

| | |
|:---|:---|
|  | **Nine Months Ended <br>September 30, 2025** |
|  | **(Unaudited)** |
| **REVENUE** | $- |
| **OPERATING EXPENSES:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative expenses | $6467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | $6467 |
| **LOSS FROM OPERATIONS** | $(6467) |
| **OTHER INCOME (EXPENSE)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other income (expense) | $- |
| **NET LOSS** | $**(6467)** |
| &nbsp;&nbsp;&nbsp;**BASIC NET LOSS PER SHARE** | $**(1.02)** |
| &nbsp;&nbsp;&nbsp;**WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC** | **6324** |

---

**The accompanying notes are an integral part of these unaudited condensed financial statements.**

**BTCS Labs Inc.**

**CONDENSED STATEMENTS OF STOCKHOLDER'S EQUITY**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Preferred Stock** | **Preferred Stock** | **Common Stock** | **Common Stock** | | | |
|  | **Shares** | **Amount** | **Shares** | **Amount** | **Additional <br> Paid-in**<br>**Capital** |<br>**(Deficit)** | **Total Stockholder's**<br>**Equity** |
| **BALANCES AT DECEMBER 31, 2024** |  | $- | 100 | $0 | $1594 | $(1594) | $- |
| Issuance of common stock for cash |  |  | 500000 | 500 | 49500 |  | 50000 |
| Repurchase of common stock |  |  | (100) | (0) | (1594) |  | (1594) |
| Net income (loss) |  | - | - | - | - | (6467) | (6467) |
| **BALANCES AT SEPTEMBER 30, 2025 (Unaudited)** |  | $&nbsp;&nbsp;&nbsp;&nbsp; - | 500000 | $500 | $49500 | $(8061) | $41939 |

---

**The accompanying notes are an integral part of these unaudited condensed financial statements.**

**BTCS Labs Inc.**

**CONDENSED STATEMENTS OF CASH FLOWS**

---

| | |
|:---|:---|
|  | **Nine Months Ended**<br> **September 30, 2025** |
|  | **(Unaudited)** |
| **CASH FLOWS FROM OPERATING ACTIVITIES:** |  |
| &nbsp;&nbsp;&nbsp;Net loss | $**(6467)** |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net (loss) to net cash used in operating activities: |  |
| Net cash used in operating activities | $**(6467)** |
| **CASH FLOWS FROM FINANCING ACTIVITIES:** |  |
| &nbsp;&nbsp;&nbsp;Proceeds from issuance of common stock | $50000 |
| &nbsp;&nbsp;&nbsp;Repurchase of common stock | $(1594) |
| Net cash provided by financing activities | $**48406** |
| **NET INCREASE IN CASH AND CASH EQUIVALENTS** | $**41939** |
| Cash and cash equivalents at beginning of period | $**-** |
| **CASH AND CASH EQUIVALENTS AT END OF PERIOD** | $**41939** |

---

**The accompanying notes are an integral part of these unaudited condensed financial statements.**

**BTCS Labs Inc.**

**NOTES TO THE UNAUDITED CONDENSED FINANCIAL STATEMENTS**

**Note 1 – Organization and Business**

BTCS Labs Inc. ("Labs" or the "Company") is a public benefit corporation incorporated in Nevada on December 24, 2024. The Company's mission is to promote and advance decentralized finance ("DeFi") and blockchain ecosystems in alignment with its specific public benefit purpose and chartered obligations as a Nevada public benefit corporation.

The Company has not yet commenced planned principal operations or generated revenues. Activities since inception have been limited to organizational matters, capital formation, and preparation of this registration statement. Accordingly, the Company's financial statements should be viewed in light of the risks and uncertainties typically associated with development stage enterprises.

**Note 2 – Summary of Significant Accounting Policies**

*Basis of Presentation*

 

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP") for interim financial information, the instructions to Form 10 and the rules and regulations of the SEC. Accordingly, since they are interim statements, the accompanying unaudited condensed consolidated financial statements do not include all of the information and notes required by GAAP for annual financial statements, but in the opinion of the Company's management, reflect all adjustments consisting of normal, recurring adjustments, that are necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods presented. Interim results for the nine months ended September 30, 2025, are not necessarily indicative of results for the full year ending December 31, 2025. The unaudited condensed consolidated financial statements and notes should be read in conjunction with the consolidated financial statements and notes for the year ended December 31, 2024.

*Use of Estimates*

 

The accompanying financial statements have been prepared in conformity with GAAP, which requires management to make estimates and assumptions that affect the reported amounts of expenses and related disclosures. Actual results could differ from those estimates. Given the Company's limited operations to date, management's use of estimates is minimal and primarily relates to the recognition and classification of expenses.

*Recent Accounting Pronouncements*

 

The Company continually assesses new accounting pronouncements to determine their applicability. When it is determined that a new accounting pronouncement affects the Company's financial reporting, the Company undertakes a study to determine the consequences of such change to its Financial Statements and assures that there are proper controls in place to ascertain that the Company's Financial Statements properly reflect the change.

Recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future financial statements.

*Cash and Cash Equivalents*

 

The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. At September 30, 2025 cash was held in checking accounts. As of December 31, 2024, the Company had no cash.

*Income Taxes*

 

The Company has incurred losses since inception and accordingly has no provision for income taxes. Deferred tax assets resulting from net operating losses have been fully offset by a valuation allowance as realization of such assets is uncertain.

*Net Income (Loss) Per Share*

 

Basic net income (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. The Company had no potentially dilutive securities outstanding during the periods presented; accordingly, basic and diluted net loss per share are the same.

**Note 3 – Stockholders' Equity**

*Preferred Stock*

 

The Company is authorized to issue 100,000,000 shares of preferred stock with a par value of $0.001 per share. No preferred shares were issued or outstanding as of September 30, 2025.

*Common Stock*

 

The Company is authorized to issue 2,000,000,000 shares of common stock with a par value of $0.001 per share.

At December 31, 2024, there were 100 shares of common stock issued and outstanding, all of which were held by BTCS Inc., the Company's former parent company.

On September 24, 2025, the Company repurchased and retired 100 shares of common stock from BTCS Inc. for $1,594.

At inception on December 24, 2024, BTCS Inc., the Company's former parent, paid $1,594 of formation costs on behalf of the Company in exchange for 100 shares of its common stock.

In September 2025, the Company issued 100,000 shares of its common stock to its sole officer and director for $10,000 and 400,000 shares to BTCS Equity Partners LLC for $40,000.

**Note 4 – Related Party Transactions** 

As described in Note 3, BTCS Inc. paid $1,594 of formation costs on behalf of the Company in exchange for 100 shares of common stock. On September 24, 2025, the Company repurchased and retired those 100 shares of common stock in exchange for reimbursing BTCS Inc. for the same amount.

**Note 5 – Going Concern**

The accompanying financial statements have been prepared on a going concern basis, which assumes that the Company will continue to operate in the ordinary course of business. Since inception, the Company has not generated revenues and has incurred net losses, including $1,594 from inception on December 24, 2024 through December 31, 2024, and $6,467 for the nine months ended September 30, 2025. The Company had cash of approximately $41,939 as of September 30, 2025.

The Company's ability to continue as a going concern is dependent on its ability to raise additional capital to fund operations and ultimately achieve profitable operations. Management intends to seek additional financing through equity and debt offerings; however, there can be no assurance that such financing will be available on acceptable terms, or at all. These conditions raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that the financial statements are issued.

The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

**Note 6 – Subsequent Events**

Management has evaluated subsequent events through October 3, 2025, the date the financial statements were available to be issued, and determined that no subsequent events requiring disclosure have occurred.

**MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS**

 

*Description of Business*

BTCS Labs Inc. is a public benefit corporation incorporated in Nevada in December 2024. Since inception, the Company's activities have been limited to organizational matters, capital formation, and the preparation of this registration statement. We are considered to be a development stage company because we have not yet commenced planned principal operations or generated revenues. As such, investment in the Company involves a high degree of risk.

*Results of Operations*

 

For the period from inception on December 24, 2024 to December 31, 2024, the Company recorded a net loss of $1,594, which represented formation costs incurred by BTCS Inc. on behalf of the Company. For the nine months ended September 30, 2025, the Company recorded a net loss of $6,467, consisting primarily of filing fees and professional service fees related to accounting and audit services in connection with this filing.

*Liquidity and Capital Resources*

 

As of September 30, 2025, the Company had cash of approximately $41,939. Operations have been funded through the issuance of common stock, including $50,000 in proceeds from the issuance of 500,000 shares of common stock to the Company's sole officer and director and BTCS Equity Partners LLC, and reimbursement of the $1,594 in formation costs originally paid by BTCS Inc. The Company expects that it will require significant additional capital to fund operations, including the hiring of personnel, the development of technology infrastructure, and compliance costs. Management intends to seek such funding through equity or debt financings, although there can be no assurance that financing will be available on acceptable terms or at all.

The Company's plan of operations for the next twelve months includes the development and testing of initial blockchain infrastructure services and solutions, the exploration of potential partnerships with blockchain foundations, Layer 2 networks, and decentralized autonomous organizations, and the recruitment of personnel to build operational capacity. These efforts are expected to require additional capital. If the Company is unable to raise sufficient funds, it may be required to delay or scale back its planned operations.

*Off-Balance Sheet Arrangements*

 

The Company does not have any off-balance sheet arrangements as defined by Item 303 of Regulation S-K. As of September 30, 2025, the Company did not have any material contractual obligations, commitments, or contingencies.

## Exhibit 3.1

**Exhibit 3.1**

![](ex3-1_001.jpg)

![](ex3-1_002.jpg)

![](ex3-1_003.jpg)

![](ex3-1_004.jpg)

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## Exhibit 3.1

**Exhibit 3.1(a)**

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## Exhibit 3.2

**Exhibit 3.2**

**BYLAWS**

**OF**

**BTCS LABS INC.**

**ARTICLE I: OFFICES**

**Section 1.1. REGISTERED AGENT AND OFFICE.** The registered agent of BTCS Labs Inc. (the "**<u>Corporation</u>**") shall be as set forth in the Corporation's articles of incorporation, as amended or restated (the "**<u>Articles of Incorporation</u>**") and the registered office of the Corporation shall be the street office of that agent. The board of directors of the Corporation (the "**<u>Board of Directors</u>**") may at any time change the Corporation's registered agent or office by making the appropriate filing with the Nevada Secretary of State.

**Section 1.2. PRINCIPAL OFFICE.** The principal office of the Corporation shall be at such place within or without the State of Nevada as shall be fixed from time to time by the Board of Directors.

**Section 1.3. OTHER OFFICES.** The Corporation may also have other offices, within or without the State of Nevada, as the Board of Directors may designate, as the business of the Corporation may require, or as may be desirable.

**Section 1.4. BOOKS AND RECORDS.** Any records maintained by the Corporation in the regular course of its business, including its stock ledger, books of account, and minute books, may be maintained on any information storage device or method that can be converted into clearly legible paper form within a reasonable time. The Corporation shall convert any records so kept on the written request of any person entitled to inspect such records pursuant to applicable law.

**ARTICLE II: STOCKHOLDERS**

**Section 2.1. PLACE OF MEETING.** Meetings of the stockholders shall be held either at the principal office of the Corporation or at any other place, within or without the State of Nevada, as shall be fixed by the Board of Directors and designated in the notice of the meeting or executed waiver of notice. The Board of Directors may determine, in its discretion, that any meeting of the stockholders may be held solely by means of electronic communication in accordance with Section 2.2.

**Section 2.2. PARTICIPATION BY REMOTE COMMUNICATION.** Stockholders not physically present at a meeting of the stockholders may participate in the meeting by remote communication, including (without limitation) electronic communication, videoconference, teleconference, or other available technology if the Corporation implements reasonable measures to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Verify the identity of each stockholder participating by remote communication.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Provide the stockholders a reasonable opportunity to participate and vote, including an opportunity to communicate and read or hear the proceedings in a substantially concurrent manner with the proceedings.

Stockholders participating by remote communication shall be considered present in person at the meeting.

**Section 2.3. ANNUAL MEETING.** An annual meeting of stockholders, for the purpose of electing directors and transacting any other business as may be brought before the meeting, shall be held on such date and time fixed by the Board of Directors and designated in the notice of the meeting.

Failure to hold the annual meeting of stockholders at the designated time shall not affect the validity of any action taken by the Corporation.

**Section 2.4. SPECIAL MEETINGS.** Special meetings of stockholders may be called by (i) the Board of Directors; (ii) the Chief Executive Officer; or (iii) the Chairman of the Board of Directors. The only business which may be conducted at a special meeting of stockholders shall be the matter or matters set forth in the notice of such meeting and shall be held at such place, date, and time as determined by the Board of Directors.

**Section 2.5. STOCKHOLDER NOMINATIONS AND PROPOSALS.** For business (including, but not limited to, director nominations) to be properly brought before an annual meeting by a stockholder, the stockholder or stockholders of record intending to propose the business (the "**<u>proposing stockholder</u>**") must have given written notice of the proposing stockholder's nomination or proposal, either by personal delivery or by United States mail to the Secretary no earlier than 120 calendar days and no later than 90 calendar days prior to the date such annual meeting is to be held. If the current year's meeting is called for a date that is not within 30 days of the anniversary of the previous year's annual meeting, notice must be received no later than ten calendar days following the day on which public announcement of the date of the annual meeting is first made. In no event will an adjournment or postponement of an annual meeting of stockholders begin a new time period for giving a proposing stockholder's notice as provided above.

For business to be properly brought before a special meeting of stockholders, the notice of the meeting sent by or at the direction of the person calling the meeting must set forth the nature of the business to be considered. A person or persons who have made a written request for a special meeting pursuant to Section 2.4 may provide the information required for notice of a stockholder proposal under this section simultaneously with the written request for the meeting submitted to the Secretary or within ten calendar days after delivery of the written request for the meeting to the Secretary.

A proposing stockholder's notice shall include as to each matter the proposing stockholder proposes to bring before either an annual or special meeting:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The name and address of the proposing stockholder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The class and number of shares of capital stock of the Corporation held by the proposing stockholder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If the notice regards a nomination of a candidate for election as director: (i) the name, age, and business and residence address of the candidate; (ii) the principal occupation or employment of the candidate; (iii) the class and number of shares of the Corporation beneficially owned by the candidate; and (iv) any other information relating to such person that is required to be disclosed in solicitations of proxies for election of directors, or is otherwise required, in each case pursuant to Regulation 14A under the Securities Exchange Act of 1934 (the "**<u>1934 Act</u>**") (including without limitation such person's written consent to being named in the proxy statement, if any, as a nominee and to serving as a director if elected).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If the notice regards a proposal other than a nomination of a candidate for election as director, a brief description of the business desired to be brought before the meeting; the material interest of the proposing stockholder in such proposal; and any other information that is required to be provided by the stockholder pursuant to Regulation 14A under the 1934 Act, in his capacity as a proponent to a stockholder proposal.

Notwithstanding the foregoing, in order to include information with respect to a stockholder proposal in the proxy statement and form of proxy for a stockholder's meeting, stockholders must provide notice as required by the regulations promulgated under the 1934 Act.

**Section 2.6. FIXING THE RECORD DATE.** For the purpose of determining stockholders entitled to notice of or to vote at any meeting of stockholders or any adjournment thereof, the record date shall be the date fixed by resolution of the Board of Directors. If no date is specified, the record date shall be the close of business on the day before the day the first notice of the meeting is given or, if notice is waived, the close of business on the day before the day the meeting is held.

A record date fixed under this Section may not be less than 10 or more than 60 days before the meeting of stockholders. A determination of stockholders entitled to notice of or to vote at a meeting of stockholders is effective for any adjournment or postponement of the meeting unless the Board of Directors fixes a new record date for the adjourned or postponed meeting. The Board of Directors must fix a new record date if the meeting is adjourned or postponed more than 60 days after the original meeting of stockholders.

**Section 2.7. NOTICE OF STOCKHOLDERS' MEETING.** Written notice stating the place, date, and time of the meeting, and the purpose or purposes for which the meeting is called, shall be given not less than 10 and not more than 60 days before the date of the meeting.

Notice to each stockholder entitled to vote at the meeting shall be given personally, by mail, or by electronic transmission if consented to by a stockholder, by or at the direction of the Secretary or the officer or person calling the meeting. If mailed, the notice shall be deemed to be given when deposited in the United States mail addressed to the stockholder at the stockholder's address as it appears on the share transfer records of the Corporation, with postage thereon prepaid.

Any stockholder entitled to notice of a meeting may sign a written waiver of notice delivered to the Corporation either before or after the meeting. A stockholder's participation or attendance at a meeting shall constitute a waiver of notice, except where the stockholder attends for the specific purpose of objecting to the transaction of any business on the grounds that the meeting is not lawfully called or convened.

**Section 2.8. VOTING LISTS.** The Corporation shall prepare, as of the record date fixed for a meeting of stockholders, an alphabetical list of all stockholders entitled to vote at the meeting (or any adjournment thereof). The list shall be available for inspection by any stockholder beginning two business days after notice of the meeting is given, during regular business hours at the Corporation's principal office or another place identified in the meeting notice in the city where the meeting will be held. The list shall be produced and kept open at the time and place of the meeting and shall be subject to the inspection of any stockholder during the whole time of the meeting (or any adjournment thereof).

If any stockholders are participating in the meeting by remote communication, the list shall be open to examination by the stockholders for the duration of the meeting on a reasonably accessible electronic network, and the information required to access the list shall be provided to stockholders with the notice of the meeting.

**Section 2.9. QUORUM OF STOCKHOLDERS.** At each meeting of stockholders for the transaction of any business, a quorum must be present to organize such meeting. The presence in person, by means of remote communication, or by proxy of majority of the voting power constitutes a quorum for the transaction of business at a meeting of stockholders, except as otherwise required by the Articles of Incorporation, these Bylaws, or Chapter 78 of the Nevada Revised Statutes (the "**<u>Nevada Corporations Act</u>**").

If any class or series of shares is permitted or required to vote separately on any action, the presence in person, by means of remote communication, or by proxy of a majority of the voting power of such class or series constitutes a quorum for the transaction of business.

The holders of a majority of the voting power represented in person, by means of remote communication, or by proxy at a meeting, even if less than a quorum, may adjourn or postpone the meeting from time to time.

**Section 2.10. CONDUCT OF MEETINGS.** The Board of Directors, as it shall deem appropriate, may adopt by resolution rules and regulations for the conduct of meetings of the stockholders. At every meeting of the stockholders, the Chief Executive Officer, or in the Chief Executive Officer's absence or inability to act, a director or officer designated by the Board of Directors, shall serve as chair of the meeting. The Secretary or, in the Secretary's absence or inability to act, the person whom the chair of the meeting shall appoint, shall act as secretary of the meeting and keep the minutes thereof.

The chair of the meeting shall determine the order of business and, in the absence of a rule adopted by the Board of Directors, shall establish rules for the conduct of the meeting. The chair of the meeting shall announce the close of the polls for each matter voted upon at the meeting, after which no ballots, proxies, votes, changes, or revocations will be accepted. Polls for all matters before the meeting will be deemed to be closed upon final adjournment of the meeting.

**Section 2.11. VOTING OF STOCK.** Each outstanding share of stock, regardless of class or series, shall be entitled to one vote on each matter submitted to a vote at a meeting of stockholders, except as otherwise provided by these Bylaws and to the extent that the Articles of Incorporation or the certificate of designation establishing the class or series of stock provides for more or less than one vote per share or limits or denies voting rights to the holders of the shares of any class or series of stock.

Unless a different proportion is required by the Articles of Incorporation, these Bylaws, or the Nevada Corporations Act:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If a quorum exists, action other than the election of directors is approved if the votes cast in favor of the action exceed the votes cast against the action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If a quorum exists of any class or series of stock that is permitted or required to vote separately on any matter, action is approved by the class or series if a majority of the voting power of a quorum of that class or series votes in favor of the action.

Directors are elected by a plurality of the votes at a meeting at which a quorum is present.

An abstention is counted as present for purposes of determining if a quorum exists but an abstention is not considered a vote cast in favor or against an action when tallying votes in favor of an action.

For avoidance of doubt, in accordance with Section 78.2055 of the Nevada Corporations Act, to approve the filing of an amendment to the Articles of Incorporation to decrease the number of issued and outstanding shares of a class or series by each stockholder of record without correspondingly decreasing the number of authorized shares of that class or series, the votes cast in favor of the amendment must exceed the votes cast against the amendment, unless otherwise provided in the Articles of Incorporation.

**Section 2.12. VOTING BY PROXY.** A stockholder may vote either in person or by proxy executed in writing by the stockholder or the stockholder's attorney-in-fact. Any copy, communication by electronic transmission, or other reliable written reproduction may be substituted for the stockholder's original written proxy for any purpose for which the original proxy could have been used if such copy, communication by electronic transmission, or other reproduction is a complete reproduction of the entire original written proxy.

No proxy shall be valid after six months from the date of its creation unless the proxy specifies its duration, which may not exceed seven years from the date of its creation. A proxy shall be revocable unless the proxy states that the proxy is irrevocable and the proxy is coupled with an interest sufficient to support an irrevocable power.

A properly created proxy or proxies continues in full force and effect until either of the following occurs:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) One of the following is filed with or transmitted to the Secretary of the Corporation or another person or persons appointed by the Corporation to count the votes of the stockholders and determine the validity of proxies and ballots: (i) another instrument or transmission properly revoking the proxy; or (ii) a properly created proxy or proxies bearing a later date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The stockholder executing the original written proxy revokes the proxy by attending a stockholders' meeting and voting its shares in person, in which case any votes cast by that stockholder's previously designated proxy or proxies shall be disregarded by the Corporation when the votes are counted.

**Section 2.13. ACTION BY STOCKHOLDERS WITHOUT A MEETING.** Any action required or permitted by the Nevada Corporations Act to be taken at a meeting of stockholders may be taken without a meeting if, before or after the action, a written consent to the action is signed by stockholders holding a majority of the voting power of the Corporation or, if different, the proportion of voting power required to take the action at a meeting of stockholders.

**ARTICLE III: DIRECTORS**

**Section 3.1. POWERS.** The business and affairs of the Corporation shall be managed under the direction of the Board of Directors. Directors must be natural persons at least 18 years of age and need not be stockholders of the Corporation.

**Section 3.2. NUMBER OF DIRECTORS.** The number of directors shall be at least one and not more than 13, provided that the minimum or maximum number, or both, may be increased or decreased from time to time by an amendment to these Bylaws. Subject to any provision in the Articles of Incorporation fixing the number of directors, the exact number of directors shall be fixed, within such range, by the Board of Directors. No decrease in the number of directors shall have the effect of shortening the term of any incumbent director.

**Section 3.3. TERM OF OFFICE.** At the first annual meeting of stockholders and at each annual meeting thereafter, the holders of shares of stock entitled to vote in the election of directors shall elect directors to hold office until the next succeeding annual meeting or until the director's earlier death, resignation, disqualification, or removal. Despite the expiration of a director's term, the director shall continue to serve until the director's successor is elected and qualified.

**Section 3.4. REMOVAL.** Any or all of the directors, or a class of directors, may be removed at any time, with or without cause, at a special meeting of stockholders called for that purpose by a vote of the holders of the affirmative vote of stockholders representing not less than two-thirds of the voting power of the issued and outstanding stock entitled to vote.

**Section 3.5. RESIGNATION.** A director may resign at any time by giving written notice to the Board of Directors, its chair, or to the Secretary of the Corporation. A resignation is effective when the notice is given unless a later effective date is stated in the notice. Acceptance of the resignation shall not be required to make the resignation effective. The pending vacancy may be filled before the effective date, but the successor shall not take office until the effective date.

**Section 3.6. VACANCIES.** Unless otherwise provided in the Articles of Incorporation, vacancies and newly created directorships, whether resulting from an increase in the size of the Board of Directors or due to the death, resignation, disqualification, or removal of a director or otherwise, may be filled by the affirmative vote of a majority of the remaining directors, even if less than a quorum. A director elected to fill a vacancy shall hold office for the unexpired term of that director's predecessor in office and until that director's successor is duly elected and qualified.

**Section 3.7. REGULAR MEETINGS OF DIRECTORS.** Regular meetings of the Board of Directors may be held at such times and places, within or without the State of Nevada, as the Board of Directors may determine.

**Section 3.8. SPECIAL MEETINGS OF DIRECTORS.** Special meetings of the Board of Directors may be called by the entire Board of Directors, any two directors, or the Chief Executive Officer.

**Section 3.9. PARTICIPATION BY ELECTRONIC COMMUNICATION.** Directors not physically present at a meeting of the Board of Directors may participate in the meeting by electronic communication, videoconference, teleconference, or other available technology if the Corporation implements reasonable measures to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Verify the identity of each director participating by electronic communication.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Provide the directors a reasonable opportunity to participate and vote, including an opportunity to communicate and read or hear the proceedings in a substantially concurrent manner.

Directors participating by electronic communication shall be considered present in person at the meeting.

**Section 3.10. NOTICE OF DIRECTORS' MEETINGS.** Regular meetings of the Board of Directors may be held without notice of the date, time, place, or purpose of the meeting. All special meetings of the Board of Directors shall be held upon not less than one days' written notice stating the purpose or purposes of the meeting, the date, place, and time of the meeting, and the means of any electronic communication by which directors may participate in the meeting. Notice may be given to each director personally, by mail, by electronic transmission, or by any other means of communication authorized by such director.

A director entitled to notice of a meeting may sign a written waiver of notice delivered to the Corporation either before or after the time of the meeting. A director's participation or attendance at a meeting shall constitute a waiver of notice, except where the director attends for the specific purpose of objecting to the transaction of any business on the grounds that the meeting is not lawfully called or convened.

**Section 3.11. QUORUM AND ACTION BY DIRECTORS.** A majority of the Board of Directors then in office shall constitute a quorum for the transaction of business. The directors at a meeting for which a quorum is not present may adjourn the meeting until a time and place as may be determined by a vote of the directors present at that meeting.

The act of the directors holding a majority of the voting power of the directors present at a meeting at which a quorum is present shall be the act of the Board of Directors, unless the act requires approval by a greater proportion under the Articles of Incorporation or these Bylaws.

**Section 3.12. COMPENSATION.** Directors shall not receive any stated salary for their services, but the Board of Directors may provide for a fixed sum and expenses of attendance, if any, for attendance at any meeting of the Board of Directors or committee thereof. A director shall not be precluded from serving the Corporation in any other capacity and receiving compensation for services in that capacity.

**Section 3.13. ACTION BY DIRECTORS WITHOUT MEETING.** Any action required or permitted by the Nevada Corporations Act to be taken at a meeting of the Board of Directors or any committee thereof may be taken without a meeting if, before or after the action, all of the members of the Board of Directors or committee sign a written consent describing the action and deliver it to the Corporation.

**Section 3.14. COMMITTEES OF THE BOARD OF DIRECTORS.** The Board of Directors, by resolution adopted by a majority of the directors, may establish one or more committees, each consisting of one or more directors, to exercise the authority of the Board of Directors to the extent provided in the resolution establishing the committee and allowed under the Nevada Corporations Act.

The designation of a committee of the Board of Directors and the delegation thereto of authority shall not operate to relieve the Board of Directors, or any member thereof, of any responsibility imposed by law.

**ARTICLE IV: OFFICERS**

**Section 4.1. POSITIONS AND ELECTION.** The officers of the Corporation shall be elected by the Board of Directors and shall be a President, a Secretary, a Treasurer, and any other officers, including assistant officers and agents, as may be deemed necessary by the Board of Directors. Any two or more offices may be held by the same person.

Officers shall be elected annually at a meeting of the Board of Directors . Each officer shall serve until a successor is elected and qualified or until the earlier death, resignation, disqualification, or removal of that officer. Vacancies or new offices shall be filled at the next regular or special meeting of the Board of Directors. Election or appointment of an officer or agent shall not of itself create contract rights.

**Section 4.2. REMOVAL AND RESIGNATION.** Any officer elected by the Board of Directors may be removed, with or without cause, at any regular or special meeting of the Board of Directors by the affirmative vote of the majority of the directors in attendance where a quorum is present. Removal shall be without prejudice to the contract rights, if any, of the officer so removed.

Any officer may resign at any time by delivering written notice to the Secretary of the Corporation. Resignation is effective when the notice is delivered unless the notice provides a later effective date. Any vacancies may be filled in accordance with Section 4.1 of these Bylaws.

**Section 4.3. POWERS AND DUTIES OF OFFICERS.** The powers and duties of the officers of the Corporation shall be as provided from time to time by resolution of the Board of Directors or by direction of an officer authorized by the Board of Directors to prescribe the duties of other officers. In the absence of such resolution, the respective officers shall have the powers and shall discharge the duties customarily and usually held and performed by like officers of corporations similar in organization and business purposes to the Corporation, subject to the control of the Board of Directors.

**ARTICLE V: INDEMNIFICATION OF DIRECTORS, OFFICERS, EMPLOYEES, AND AGENTS**

**Section 5.1. INDEMNIFICATION IN ACTIONS BY THIRD PARTIES.** The Corporation may, to the extent permitted by the Nevada Corporations Act, indemnify any person who is or was a director, officer, employee, or agent of the Corporation or is or was serving at the Corporation's request as a director, officer, employee, or agent of another corporation, partnership, joint venture, trust, or other entity (each such person, an "**<u>Indemnitee</u>**") against expenses, including attorneys' fees, judgments, fines, and amounts paid in settlement, actually and reasonably incurred by the Indemnitee in connection with any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative, other than a proceeding by or in the right of the Corporation, to which the Indemnitee is, was, or is threatened to be made a party by reason of being an Indemnitee, if the Indemnitee either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Did not breach, through intentional misconduct, fraud, or a knowing violation of law, the Indemnitee's fiduciary duties as a director or officer to act in good faith and in the interests of the Corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Acted in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Corporation and, with respect to any criminal action or proceeding, had no reasonable cause to believe the Indemnitee's conduct was unlawful.

**Section 5.2. INDEMNIFICATION IN ACTIONS BY OR ON BEHALF OF THE CORPORATION.** The Corporation may, to the extent permitted by the Nevada Corporations Act, indemnify any Indemnitee against expenses, including attorneys' fees and amounts paid in settlement, actually and reasonably incurred by the Indemnitee in connection with any threatened, pending, or completed suit or action by or in the right of the Corporation to which the Indemnitee is, was, or is threatened to be made a party by reason of being an Indemnitee, if the Indemnitee either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Did not breach, through intentional misconduct, fraud, or a knowing violation of law, the Indemnitee's fiduciary duties as a director or officer to act in good faith and in the interests of the Corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Acted in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Corporation.

**Section 5.3. INDEMNIFICATION AGAINST EXPENSES.** The Corporation shall, to the extent permitted by the Nevada Corporations Act, indemnify any Indemnitee who was successful, on the merits or otherwise, in the defense of any action, suit, proceeding, or claim described in Sections 5.1 and 5.2, against expenses (including attorneys' fees) actually and reasonably incurred by the Indemnitee in connection with the defense.

**Section 5.4. NON-EXCLUSIVITY OF INDEMNIFICATION RIGHTS.** The rights of indemnification set out in this Article V shall be in addition to and not exclusive of any other rights to which any Indemnitee may be entitled under the Articles of Incorporation, Bylaws, any other agreement with the Corporation, any action taken by the disinterested directors or stockholders of the Corporation, or otherwise. The indemnification provided under this Article V shall inure to the benefit of the heirs, executors, and administrators of an Indemnitee.

**ARTICLE VI: SHARE CERTIFICATES AND TRANSFER**

**Section 6.1. CERTIFICATES REPRESENTING SHARES.** The shares of the Corporation shall be represented by certificates, provided that the Board of Directors may provide by resolution or resolutions that some or all of any class or series of stock shall be uncertificated shares.

The Corporation shall, within a reasonable time after the issuance of uncertificated shares or the transfer of any uncertificated shares on the books of the Corporation, send to the registered owner of the shares a written notice containing the information required to be set forth or stated on certificates pursuant to the Nevada Corporations Act. Within 10 days after receipt of a written request from a stockholder of record, the Corporation shall send the stockholder of record a written statement confirming the information contained in information previously sent to the stockholder of record.

Shares represented by certificates shall be signed by officers or agents designated by the Corporation for such purpose and shall state:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The name of the Corporation and that it is organized under the laws of Nevada.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The name of the person to whom the certificate is issued.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The number of shares represented by the certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Any restrictions on the transfer of the shares, such statement to be conspicuous.

**Section 6.2. TRANSFERS OF SHARES.** Shares of the Corporation shall be transferable in the manner prescribed by law and in these Bylaws. Transfers of shares of the Corporation shall be made on the books of the Corporation only by the holder of record thereof or by such person's attorney lawfully constituted in writing and, in the case of certificated shares, upon the surrender of the certificate thereof, which shall be cancelled before a new certificate or uncertificated shares shall be issued. No transfer of shares shall be valid as against the Corporation for any purpose until it shall have been entered in the stock records of the Corporation by an entry showing from and to whom transferred.

**Section 6.3. REGISTERED STOCKHOLDERS.** The Corporation may treat the holder of record of any shares issued by the Corporation as the holder in fact thereof, for purposes of voting those shares, receiving distributions thereon or notices in respect thereof, transferring those shares, exercising rights of dissent with respect to those shares, exercising or waiving any preemptive right with respect to those shares, entering into agreements with respect to those shares in accordance with the laws of the State of Nevada, or giving proxies with respect to those shares.

Neither the Corporation nor any of its officers, directors, employees, or agents shall be liable for regarding that person as the owner of those shares at that time for those purposes, regardless of whether that person possesses a certificate for those shares and shall not be bound to recognize any equitable or other claim to or interest in such share or shares on the part of any other person, whether or not it shall have express notice thereof, except as otherwise provided by law.

**Section 6.4. LOST, STOLEN, OR DESTROYED CERTIFICATES.** The Board of Directors may direct a new certificate or certificates to be issued in place of any certificate or certificates theretofore issued by the Corporation alleged to have been lost, stolen, or destroyed upon the making of an affidavit of that fact by the owner of the allegedly lost, stolen, or destroyed certificate. When authorizing the issue of a new certificate or certificates, the Board of Directors, in its discretion and as a condition precedent to the issuance thereof, may require the owner of the allegedly lost, stolen, or destroyed certificate, or the owner's legal representative, to give the Corporation a bond or other security sufficient to indemnify it against any claim that may be made against the Corporation or other obliges with respect to the certificate alleged to have been lost, stolen, or destroyed or the issuance of such new certificate or certificates.

**ARTICLE VII: DISTRIBUTIONS**

**Section 7.1. DECLARATION.** The Board of Directors may authorize, and the Corporation may make, distributions to its stockholders in cash, property (other than shares of the Corporation), or a dividend of shares of the Corporation to the extent permitted by the Articles of Incorporation and the Nevada Corporations Act.

**Section 7.2. FIXING RECORD DATES FOR DISTRIBUTIONS AND SHARE DIVIDENDS.** For the purpose of determining stockholders entitled to receive a distribution by the Corporation (other than a distribution involving a purchase or redemption by the Corporation of any of its own shares) or a share dividend, the Board of Directors may, at the time of declaring the distribution or share dividend, set a date no more than 60 days prior to the date of the distribution or share dividend. If no record date is fixed for such distribution or share dividend, the record date shall be the date on which the resolution of the Board of Directors authorizing the distribution or share dividend is adopted.

**ARTICLE VIII: MISCELLANEOUS**

**Section 8.1. CHECKS, DRAFTS, ETC.** All checks, drafts, or other instruments for payment of money or notes of the Corporation shall be signed by an officer or officers or any other person or persons as shall be determined from time to time by resolution of the Board of Directors.

**Section 8.2. FISCAL YEAR.** The fiscal year of the Corporation shall be as determined by the Board of Directors.

**Section 8.3. CONFLICT WITH APPLICABLE LAW OR ARTICLES OF INCORPORATION.** Unless the context requires otherwise, the general provisions, rules of construction, and definitions of the Nevada Corporations Act shall govern the construction of these Bylaws. These Bylaws are adopted subject to any applicable law and the Articles of Incorporation. Whenever these Bylaws may conflict with any applicable law or the Articles of Incorporation, such conflict shall be resolved in favor of such law or the Articles of Incorporation.

**Section 8.4. INVALID PROVISIONS.** If any one or more of the provisions of these Bylaws, or the applicability of any provision to a specific situation, shall be held invalid or unenforceable, the provision shall be modified to the minimum extent necessary to make it or its application valid and enforceable, and the validity and enforceability of all other provisions of these Bylaws and all other applications of any provision shall not be affected thereby.

**ARTICLE IX: AMENDMENT OF BYLAWS**

The Board of Directors shall have the exclusive power to amend or repeal these Bylaws, or to adopt new Bylaws.

**Adopted December 24, 2024**