# EDGAR Filing Document

**Accession Number:** 0001997284
**File Stem:** 0001477932-25-005945
**Filing Date:** 2025-8
**Character Count:** 128570
**Document Hash:** 8061af98c35f96876abdc53dafe1dea6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001477932-25-005945.hdr.sgml**: 20250815

**ACCESSION NUMBER**: 0001477932-25-005945

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

**PUBLIC DOCUMENT COUNT**: 8

**FILED AS OF DATE**: 20250815

**DATE AS OF CHANGE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Shefford & Companies, Inc.
- **CENTRAL INDEX KEY:** 0001997284
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 933022563
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-12G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56601
- **FILM NUMBER:** 251221534

**BUSINESS ADDRESS:**
- **STREET 1:** 1852 BANKING STREET
- **STREET 2:** SUITE 29551
- **CITY:** GREENSBORO
- **STATE:** NC
- **ZIP:** 27408
- **BUSINESS PHONE:** 646-330-0977

**MAIL ADDRESS:**
- **STREET 1:** 1852 BANKING STREET
- **STREET 2:** SUITE 29551
- **CITY:** GREENSBORO
- **STATE:** NC
- **ZIP:** 27408

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION** 

 **Washington, D.C. 20549**

Amendment No. 2

**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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| |
|:---|
| **Shefford Companies, Inc.**  |
| (Exact name of registrant as specified in its charter) |

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| | |
|:---|:---|
| **North Carolina** | **93-3022563** |
| (State or Other Jurisdiction of | (I.R.S. Employer |
| Incorporation or Organization) | Identification No.) |
| **1852 Banking Street Suite 29551**<br> **Greensboro, North Carolina**  | **27408** |
| (Address of Principal Executive Offices) | (Zip Code) |

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Registrant's telephone number, including area code: **<u>(646) 330-0977</u>**

<u>Send all correspondence to:</u>

Jonathan Cross

1852 Banking Street Suite 29551

Greensboro, North Carolina, 27408

Telephone: (646) 330-0977

Email: jcross@sheffordcompanies.com

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

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

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| | |
|:---|:---|
| **Title of each class to be** <br> **so registered** | **Name of Exchange on which each** <br> **class is to be registered** |
| Common Stock, $.0001 | N/A |

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Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting 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. (Check one):

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| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated Filer | ☐ |
| Non-accelerated filer | ☐ | Smaller Reporting Company | ☒ |
| (Do not check if a smaller reporting company) | (Do not check if a smaller reporting company) | Emerging Growth Company | ☒ |
| A Shell Company | ☒ |  |  |

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We are filing this General Form for Registration of Securities on Form 10 to register our common stock, par value $0.0001 per share (the "Common Stock"), pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act").

Once this registration statement is deemed effective, we will be subject to the requirements of Regulation 13A under the Exchange Act, which will require us to file annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K, and we will be required to comply with all other obligations of the Exchange Act applicable to issuers filing registration statements pursuant to Section 12(g) of the Exchange Act.

Unless otherwise noted, references in this registration statement to "Shefford & Companies" the "Company," "we," "our" or "us" means Shefford & Companies, Inc.

**FORWARD LOOKING STATEMENTS**

There are statements in this registration statement that are not historical facts. These "forward-looking statements" can be identified by use of terminology such as "believe," "hope," "may," "anticipate," "should," "intend," "plan," "will," "expect," "estimate," "project," "positioned," "strategy" and similar expressions. You should be aware that these forward-looking statements are subject to risks and uncertainties that are beyond our control. For a discussion of these risks, you should read this entire Registration Statement carefully, especially the risks discussed under "Risk Factors." Although management believes that the assumptions underlying the forward looking statements included in this Registration Statement are reasonable, they do not guarantee our future performance, and actual results could differ from those contemplated by these forward looking statements. The assumptions used for purposes of the forward-looking statements specified in the following information represent estimates of future events and are subject to uncertainty as to possible changes in economic, legislative, industry, and other circumstances. As a result, the identification and interpretation of data and other information and their use in developing and selecting assumptions from and among reasonable alternatives require the exercise of judgment. To the extent that the assumed events do not occur, the outcome may vary substantially from anticipated or projected results, and, accordingly, no opinion is expressed on the achievability of those forward-looking statements. In the light of these risks and uncertainties, there can be no assurance that the results and events contemplated by the forward-looking statements contained in this Registration Statement will in fact transpire. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. We do not undertake any obligation to update or revise any forward-looking statements except as required by law.

**Item 1. Description of Business**

**Overview**

Shefford Companies, Inc. (the "Company") was incorporated on August 12, 2023, as a North Carolina corporation under the name "Shefford & Companies, Inc." On May 28, 2025, the Company changed its name to Shefford Companies, Inc.

**(a) Business**

Shefford Companies, Inc. is a small business advisory firm that intends to work predominantly with small businesses throughout the United States that produce revenues between $1,000,000 and $5,000,000 annually. Since inception, the Company has been, and currently is, in the developmental stage; developing its slate of services and processes, completing organizational activities, and the preparing this registration statement on Form 10 (the "Registration Statement").

The Company commenced operations and began marketing its Services on August 12, 2023. To date, the Company has generated no revenues, and our auditors have issued a going concern opinion as part of this Registration Statement.

***Under Rule 12b-2 of the Exchange Act, the Company is classified as a "shell company" because it has no or nominal assets (other than cash) and no or nominal operations.***

**(b) Business of Issuer**

<u>Advisory</u>

*M&A Advisory:* Shefford & Companies has developed, and will deliver, a full range of advisory services related to mergers & acquisitions, divestitures, and restructurings; including valuations, assessment of strategic direction to maximize owner value, capital strategy and transaction development and negotiations. Development costs for our Advisory Services and the related marketing costs thereof are minimal or zero.

*Restructuring & Reorganization*: For small businesses facing underperformance, and for the lenders and stakeholders involved with them, we intend to develop and deliver restructuring solutions designed to build a platform for swift recovery and sustained success. We intend to develop and deliver bespoke processes that thoroughly assesses all revitalization options and develop a customized plan of action in partnership with owners, management, creditors, and other stakeholders, and mobilize the resources required for effective implementation.

Whether through formal or informal proceedings, our goal is to rebuild trust between the business and its financial stakeholders, and develop and execute a detailed, targeted action plan for business improvement, simplification, or divestment. Development costs for our Restructuring and Reorganization Services and the related marketing costs thereof are minimal or zero.

To date, the Company's M&A Advisory and Restructuring & Reorganization divisions have no client engagements.

The Company is currently marketing its and M&A Advisory and Restructuring & Reorganization Services through social media, specifically, LinkedIn, and direct email outreach, however, there can be no assurance that these marketing efforts will be successful.

The Company owns no Trademarks or Patents and has no Patents Pending.

While the Company will not hold itself out as a business broker, some of our services may be construed as providing business brokerage services. To be a business broker, one is not currently required to hold a business broker license, however, many states do require that you have an active real estate license. Some states have additional requirements, for example: Nevada requires a Business Broker Permit and in Illinois, you must register as a Business Broker.

Requirements vary by state and are always subject to change, therefore, the Company will constantly monitor current state regulations and any other requirements that may need to be met prior to the Company doing business in any state.

States that currently require a Real Estate License to become a Business Broker include: Alaska, Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Minnesota, Nebraska, Oregon, South Dakota, Utah, Washington, Wisconsin, and Washington.

<u>Acquisitions</u>

From time to time, on an opportunistic basis, we intend to make acquisitions:

*Opportunistic Strategy* – While acquiring small businesses, we intend to take a flexible approach that is not anchored to any single geography, industry, or transaction structure. Rather, we will selectively direct our attention to the most attractive businesses, united by the common focus on situations where our acquisition can facilitate a value-creating strategic transformation of the business.

*Distressed Strategy* – Through our restructuring and reorganization advisory business, we believe we will have access to opportunities regarding companies in financial distress where in connection with our acquisition we can both influence and support the businesses to drive change that maximizes their strategic and operational potential.

To date, the Company's Acquisitions division has made no acquisitions, and we cannot determine with any certainty if, or when, we will complete an acquisition.

We anticipate structuring any acquisition to acquire 100% of the equity interest or assets of a businesses. We may, however, structure a transaction to acquire less than 100% of such interests or assets of the business in order to meet certain objectives of the target management team or its security holders or for other reasons, but we will only complete the acquisition if we acquire 50% or more of the outstanding voting securities of the business or otherwise acquire a controlling interest in the business sufficient for us not to be required to register as an investment company under the Investment Company Act of 1940, as amended, or the Investment Company Act. We will not consider any transaction that does not meet such criteria (see Risk Factors – We could be deemed an Investment Company).

We presently have no employees apart from our management. Our director, Jonathan Cross, will devote his full time and attention to our business and it is expected that support staff will be added, or outside consultants will be used, as needed and afforded. We expect no significant changes in the number of our employees in the foreseeable future nor can we be assured they will be available when needed.

We cannot predict when we will transition to attaining profitable operations. Therefore, our success may be dependent upon obtaining sufficient financing to fund the Company and there can be no assurance such financing can be obtained.

We are voluntarily filing this Registration Statement with the U.S. Securities and Exchange Commission and we are under no obligation to do so under the Securities Exchange Act of 1934.

PERIODIC REPORTING AND AUDITED FINANCIAL STATEMENTS

Upon the effective date of this Registration Statement, the Company's class of common stock will be registered under the Exchange Act and it will have reporting obligations, including the requirement that it files annual, quarterly and current reports with the SEC. In accordance with the requirements of the Exchange Act, the Company's annual reports will contain financial statements audited and reported on by its independent registered public accounting firm.

**Emerging Growth Company** 

We are an emerging growth company under the provisions of the Jump Start Our Business Startups Act (the "JOBS Act"). We shall continue to be deemed an emerging growth company until the earliest of:

· (a) the last day of the fiscal year during which we have total annual gross revenues of $1,000,000,000 (as such amount is indexed for inflation every 5 years by the Commission to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics, setting the threshold to the nearest 1,000,000) or more;

· (b) the last day of the fiscal year following the fifth anniversary of the date of the first sale of our common equity securities pursuant to an effective IPO registration statement;

· (c) the date on which we have, during the previous 3-year period, issued more than $1,000,000,000 in non-convertible debt; or

· (d) the date on which we are deemed to be a 'large accelerated filer', as defined in section 240.12b-2 of title 17, Code of Federal Regulations, or any successor thereto.

As an emerging growth company we are exempt from Section 404(b) of the Sarbanes, Oxley Act of 2002 (independent registered public accounting firm attestation report related to internal control over financial reporting). Section 404(a) requires Issuers to publish information in their annual reports concerning the scope and adequacy of the internal control structure and procedures for financial reporting. This statement shall also assess the effectiveness of such internal controls and procedures. We will be subject to the requirements of Section 404(a).

As an emerging growth company we are also exempt from Section 14A (a) and (b) of the Exchange Act which require the shareholder approval of executive compensation and golden parachutes.

**Item 1A. Risk Factors.**

***Opt-in right for emerging growth company***

We have elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(2) of the JOBS Act, that allows us to delay the adoption of new or revised accounting standards that have different effective dates for public and private companies until those standards apply to private companies. As a result of this election, our financial statements may not be comparable to companies that comply with public company effective dates. Our election to utilize this extended transition period is irrevocable.

***In the event we no longer qualify as an emerging growth company we may still take advantage of reduced reporting requirements.***

As long as we remain a smaller reporting company, in the event we no longer qualify as an emerging growth company, we may still take advantage of reduced reporting requirements.

***Our business is difficult to evaluate because we have no operating history.*** 

As the Company has no operating history or revenue and only minimal assets, there is a risk that we will be unable to execute our business plan. The Company has had no recent operating history nor any revenues or earnings from operations since inception. Administrative costs of being a reporting company include accounting and audit fees as well as legal fees associated with reporting which the Company anticipates being no less than $15,000.00 per year. We will, likely, sustain operating expenses without corresponding revenues for the foreseeable future and there can be no assurance we will ever be profitable.

***Management may be able to control a vote of the Company's Shareholders or Board of Directors.***

As of the date of this Amended Registration Statement, Jonathan Cross owned 37.7% of the Company's outstanding shares and Co-Founder Championship Holdings, Inc. owned 37.7%. Mr. Cross is also the Company's sole officer and director. Future investors may own a minority percentage of the Company's Common Stock and will not have the ability to control a vote of the Company's Shareholders or board of directors (the "Board of Directors"), if management controls.

***We may still be subject to reduced reporting requirements even if we no longer qualified as an Emerging Growth Company.***

In the event we no longer qualified as an Emerging Growth Company, to the extent that we were still deemed a Smaller Reporting Company, we may still be subject to reduced reporting requirements.

***There is currently no trading market for our common stock, and liquidity of shares of our common stock is limited.***

All the presently outstanding shares of common stock (2,650,000) are "restricted securities" as defined under Rule 144 promulgated under the Securities Act and may only be sold pursuant to an effective registration statement or an exemption from registration, if available.

***The lack of experience of our officers and directors in managing a public company may adversely affect the Company.***

Jonathan Cross, our sole officer, and director has limited experience as executive officer or director of a public company. Given the nature of public companies, their obligations to shareholders, and the regulatory environment, this lack of experience may adversely affect the Company's ability to operate successfully and/or profitably.

***The Company could be deemed an Investment Company, and we could be forced to stop our current activities and rearrange our investment strategies* or dissolve the Company.**

As a Company active in acquiring businesses, or investing or reinvesting in businesses, we need to be aware of the Investment Company Act of 1940 act in order to avoid registering as an Investment Company. Although the Investment Company Act provides a wide array of exceptions and exemptions, in the event we were to inadvertently be deemed an Investment Company, we could be forced to stop our current activities and rearrange our investment strategies, or dissolve the Company.

***If we are deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make it difficult for us to fully execute our business plan.***

If we are deemed to be an investment company under the Investment Company Act, our activities may be restricted, including:

· restrictions on the nature of our investments; and

· restrictions on the issuance of securities,

each of which may make it difficult for us to complete our initial business combination.

In addition, we may have imposed upon us burdensome requirements, including:

· registration as an investment company with the SEC;

· adoption of a specific form of corporate structure; and

· reporting, record keeping, voting, proxy and disclosure requirements and other rules and regulations that we are currently not subject to.

In order not to be regulated as an investment company under the Investment Company Act, unless we can qualify for an exclusion, we must ensure that we are engaged primarily in a business other than investing, reinvesting or trading of securities and that our activities do not include investing, reinvesting, owning, holding or trading "investment securities" constituting more than 40% of our assets (exclusive of U.S. government securities and cash items) on an unconsolidated basis. Our business will be to identify and complete business combinations and thereafter to operate the post-transaction business or assets for the long term. We do not plan to buy businesses or assets with a view to resale or profit from their resale. We do not plan to buy unrelated businesses or assets or to be a passive investor.

We do not believe that our anticipated principal activities will subject us to the Investment Company Act. If we were deemed to be subject to the Investment Company Act, compliance with these additional regulatory burdens would require additional expenses and may hinder our ability to fully execute our business plan.

***Risks of ownership of "Penny Stocks" under SEC regulations***

Penny stocks have less visibility and transparency than higher priced securities. Companies that are quoted as penny stocks have risks that are inherently greater than securities that are higher priced due to such factors as less disclosure, lower investor interest and uncertain financial conditions of the issuer. The SEC has adopted regulations which generally define "penny stock" to be any equity security that has a market price less than $5.00 per share or an exercise price of less than $5.00 per share, subject to certain exceptions. Our securities may be covered by the penny stock rules, which impose additional sales practice requirements on broker-dealers who sell to persons other than established customers and accredited investors. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document in a form prepared by the SEC that provides information about penny stocks and the nature and level of risks in the penny stock market. The broker-dealer also must provide the customer with current bid and other quotations for the penny stock, the compensation of the broker-dealer and its salesperson in the transaction and monthly account statement showing the market value of each penny stock held in the customer's account. The bid and offer quotations, and the broker-dealer and salesperson compensation information, must be given to the customer orally or in writing prior to effecting the transaction and must be given to the customer in writing before or with the customer's confirmation. In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from these rules, the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written agreement to the transaction. These disclosure and suitability requirements may have the effect of reducing the level of trading activity in the secondary market for a stock that is subject to these penny stock rules. Consequently, these penny stock rules may affect the ability of broker-dealers to trade our securities. We believe that the penny stock rules discourage investor interest in and limit the market for our Common Stock.

***There are issues impacting liquidity of our securities with respect to the SEC's review of a future resale registration statement.***

Since our shares of common stock is not publicly traded, nor will they for a considerable period of time, be available to be offered, sold, pledged or otherwise transferred without being registered pursuant to the Securities Act, we will likely file a resale registration statement on Form S-1, or some other available form, to register for resale such shares of common stock. We cannot control this future registration process in all respects as some matters are outside our control. Even if we are successful in causing the effectiveness of the resale registration statement, there can be no assurances that the occurrence of subsequent events may not preclude our ability to maintain the effectiveness of the registration statement. Any of the foregoing items could have adverse effects on the liquidity of our shares of common stock.

In addition, the SEC has recently disclosed that it has developed internal informal guidelines concerning the use of a resale registration statement to register the securities issued to certain investors in private investment in public equity (PIPE) transactions, where the issuer has a market capitalization of less than $75 million and, in general, does not qualify to file a Registration Statement on Form S-3 to register its securities. The SEC has taken the position that these smaller issuers may not be able to rely on Rule 415 under the Securities Act ("Rule 415"), which generally permits the offer and sale of securities on a continued or delayed basis over a period of time, but instead would require that the issuer offer and sell such securities in a direct or "primary" public offering, at a fixed price, if the facts and circumstances are such that the SEC believes the investors seeking to have their shares registered are underwriters and/or affiliates of the issuer. Staff members also have indicated that an issuer in most cases will have to wait until the later of six months after effectiveness of the first registration or such time as substantially all securities registered in the first registration are sold before filing a subsequent registration on behalf of the same investors. Since we may have little or no tradable shares of common stock, it is unclear as to how many, if any, shares of common stock the SEC will permit us to register for resale. The SEC may require as a condition to the declaration of effectiveness of a resale registration statement that we reduce or "cut back" the number of shares of common stock to be registered in such registration statement. The result of the foregoing is that a stockholders' liquidity in our common stock may be adversely affected in the event the SEC requires a cut back of the securities as a condition to allow the Company to rely on Rule 415 with respect to a resale registration statement, or, if the SEC requires us to file a primary registration statement.

***There is currently no trading market for our common stock, and liquidity of shares of our common stock is limited. At the present time the Company is classified as a "Shell Company."***

All of the presently outstanding shares of common stock (2,650,000) are "restricted securities" as defined under Rule 144 promulgated under the Securities Act and may only be sold pursuant to an effective registration statement or an exemption from registration, if available. The SEC has adopted final rules amending Rule 144 which became effective on February 15, 2008. These final rules may be found at: www.sec.gov/rules/final/2007/33-8869.pdf. Pursuant to the new Rule 144, one year must elapse from the time a "shell company", as defined in Rule 405, ceases to be "shell company" and files Form 10 information with the SEC, before a restricted shareholder can resell their holdings in reliance on Rule 144. Form 10 information is equivalent to information that a company would be required to file if it were registering a class of securities on Form 10 under the Exchange Act. Under the amended Rule 144, restricted or unrestricted securities, that were initially issued by a reporting or non-reporting shell company or an Issuer that has at any time previously a reporting or non-reporting shell company as defined in Rule 405, can only be resold in reliance on Rule 144 if the following conditions are met: (1) the issuer of the securities that was formerly a reporting or non-reporting shell company has ceased to be a shell company; (2) the issuer of the securities is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act; (3) the issuer of the securities has filed all reports and material required to be filed under Section 13 or 15(d) of the Exchange Act, as applicable, during the preceding twelve months (or shorter period that the Issuer was required to file such reports and materials), other than Form 8-K reports and (4) at least one year has elapsed from the time the issuer filed the current Form 10 type information with the SEC reflecting its status as an entity that is not a shell company.

At the present time, the Company is classified as a "shell company" as defined in Rule 12b-2 of the Exchange Act. As such, all restricted securities presently held by the founders of the Company may not be resold in reliance on Rule 144 until: (1) the Company files Form 10 information with the SEC when it ceases to be a "shell company"; (2) the Company has filed all reports as required by Section 13 and 15(d) of the Securities Act for twelve consecutive months; and (3) one year has elapsed from the time the Company files the current Form 10 type information with the SEC reflecting its status as an entity that is not a shell company.

There can be no assurance that we will ever meet these conditions, and any purchases of our shares are subject to these restrictions on resale. A purchase of our shares may never be available for resale as we cannot be assured, we will ever lose our shell company status.

***We cannot assure you that our common stock will be listed on NASDAQ or any other securities exchange.***

At some time in the future, we may seek the listing of our common stock on NASDAQ or the NYSE American. However, we cannot assure you that we will be able to meet the initial listing standards of either of those or any other stock exchange, or that we will be able to maintain a listing of our common stock on either of those or any other stock exchange. Until our common stock is listed on the NASDAQ or another stock exchange, we expect that our common stock would be eligible to trade on the OTC Markets, the over-the-counter quotation system, possibly on the "OTCID," where our stockholders may find it more difficult to dispose of shares or obtain accurate quotations as to the market value of our common stock. In addition, we would be subject to an SEC rule that, if it failed to meet the criteria set forth in such rule, imposes various practice requirements on broker-dealers who sell securities governed by the rule to persons other than established customers and accredited investors. Consequently, such rule may deter broker-dealers from recommending or selling our common stock, which may further affect its liquidity. As of the date of this Registration Statement, the Company has not engaged the services of a registered broker dealer to serve as a market maker to quote our shares on the OTC Market, nor have we had any discussion with any registered broker dealer to provide such services.

***Our Certificate of Incorporation authorizes the issuance of preferred stock.***

Our Certificate of Incorporation authorizes the issuance of up to 10,000,000 shares of preferred stock ("Preferred Stock") with designations, rights and preferences determined from time to time by its Board of Directors. Accordingly, our Board of Directors is empowered, without stockholder approval, to issue preferred stock with dividend, liquidation, conversion, voting, or other rights, which could adversely affect the voting power or, other rights of the holders of the common stock. In the event of issuance, the preferred stock could be utilized, under certain circumstances, as a method of discouraging, delaying or preventing a change in control of the Company. Although we have no present intention to issue any shares of our authorized preferred stock, there can be no assurance that we will not do so in the future.

***We have never paid dividends on our Common Stock.***

We have never paid dividends on our Common Stock and do not presently intend to pay any dividends in the foreseeable future. We anticipate that any funds available for payment of dividends will be re-invested into the Company to further its business strategy.

***If we are unable to successfully execute our business strategy, including successfully developing relationships with small business owners and providing effective solutions, our revenues and profitability may be adversely affected.***

Our ability to create and grow revenues and profitability is dependent on executing effective business strategies. If we are delayed or unsuccessful in executing our strategies or if our strategies do not yield desired results, our business, financial condition, and results of operations may suffer. Our ability to meet our business strategy plan is dependent upon, among other things, our ability to:

· build relationships with small business owners;

· evolve our marketing and branding strategies to connect with small business owners;

· innovate and implement new initiatives to enhance small business operations and value;

· identify adequate sources of capital to fund and finance strategic initiatives;

· grow and expand operations;

· identify new opportunities to improve customer reach; and,

· maintain a talented workforce responsive to customer needs and operational demands;

**Item 2. Financial Information.**

**Management's Discussion and Analysis of Financial Condition and Results of Operation.**

The Company is in the development stage and anticipates no revenue for the foreseeable future. The costs of operations for the next 12 months and beyond such time will be paid with additional capital contributed by Jonathan Cross, our sole Director.

During the next 12 months we anticipate incurring costs related to:

(i) further developing and executing our outreach strategies,

(ii) performing engagements,

(iii) filing of Exchange Act reports.

We anticipate that these costs may be in the range of $15 to $20 thousand dollars, and that we will be able to meet these costs as necessary, from funds provided by our sole Director, Jonathan Cross. The foregoing notwithstanding, Mr. Cross has not committed to a maximum amount of financial contribution to the Company.

**Quantitative and Qualitative Disclosures about Market Risk.**

We have not utilized any derivative financial instruments such as futures contracts, options and swaps, forward foreign exchange contracts or interest rate swaps and futures. We believe that adequate controls are in place to monitor any hedging activities. We do not have any borrowings and, consequently, we are not affected by changes in market interest rates. We do not currently have any sales or own assets and operate facilities in countries outside the United States and, consequently, we are not effected by foreign currency fluctuations or exchange rate changes. Overall, we believe that our exposure to interest rate risk and foreign currency exchange rate changes is not material to our financial condition or results of operations.

**Off-Balance Sheet Arrangements.**

We have not entered into any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources and would be considered material to investors.

**Item 3. Properties.**

The Company neither rents nor owns any properties. The Company utilizes the office space and equipment of its management at no cost. Management estimates such amounts to be immaterial. The Company currently has no policy with respect to investments or interests in real estate, real estate mortgages or securities of, or interests in, persons primarily engaged in real estate activities.

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

**Security ownership of certain beneficial owners.**

The following tables set forth the ownership of our common stock by each person known by us to be the beneficial owner of more than 5% of our outstanding common stock, our directors, and our executive officers and directors as a group as of May 31, 2025. The persons named have sole voting and investment power with respect to such shares. There are not any pending arrangements that may cause a change in control.

The information presented below regarding beneficial ownership of our voting securities has been presented in accordance with the rules of the SEC and is not necessarily indicative of ownership for any other purpose. Under these rules, a person is deemed to be a "beneficial owner" of a security if that person has or shares the power to vote or direct the voting of the security or the power to dispose or direct the disposition of the security. A person is deemed to own beneficially any security as to which such person has the right to acquire sole or shared voting or investment power within 60 days through the conversion or exercise of any convertible security, warrant, option or other right. More than one person may be deemed to be a beneficial owner of the same securities. The percentage of beneficial ownership by any person as of a particular date is calculated by dividing the number of shares beneficially owned by such person, which includes the number of shares as to which such person has the right to acquire voting or investment power within 60 days, by the sum of the number of shares outstanding as of such date plus the number of shares as to which such person has the right to acquire voting or investment power within 60 days. Consequently, the denominator used for calculating such percentage may be different for each beneficial owner.

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| | | |
|:---|:---|:---|
| **Name and Address** | **Amount and Nature of** <br> **Beneficial Ownership** | **Percentage of Class<sup>(5)</sup>** |
| Jonathan Cross<sup>(1)</sup> | 1000000 | 37.7% |
| Championship Holdings, Inc.<sup>(2)</sup> | 1000000 | 37.7% |
| Huis Group Global LLC.<sup>(3)</sup> | 250000 | 9.43% |
| George Gonzalez<sup>(4)</sup> | 250000 | 9.43% |

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_________________________

(1) The address for the persons named in the table above is 1852 Banking Street Suite 29551 Greensboro, NC 27408

(2) The address for the persons named in the table above is 738 Lexington Avenue Charlottesville, VA 22911 Hunter Smith may be deemed beneficial owner of shares owned by Championship Holdings, Inc.

(3) The address for the persons named in the table above is 716 Newman Springs Road #301 Lincroft, NJ 07738 Joseph Radic may be deemed beneficial owner of shares owned by Huis Group Global LLC.

(4) The address for the persons named in the table above is Avineda 4 BN #58-62 Cali Valle Cauca Colombia 760050

(5) Based on 2,650,000 shares outstanding as of the date of this amended Registration Statement.

This table is based upon information derived from our stock records. We believe that the shareholders named in this table have sole voting and investment power with respect to the shares indicated; except as set forth above, applicable percentages are based upon 2,650,000 shares of common stock outstanding as of the date of this Second Amendment to this Registration Statement on Form 10.

**Item 5. Directors and Executive Officers.**

(a) Identification of Directors and Executive Officers.

Our officers and directors and additional information concerning them are as follows:

---

| | | |
|:---|:---|:---|
| **Name** | **Age** | **Position(s)** |
| Jonathan Cross | 63 | Chairman |

---

***Jonathan Cross -*** Jonathan is a seasoned advisor and investor with over 36 years' experience in principal investing, domestic and cross-border M&A, corporate finance, and corporate restructuring. Since October of 2016, Jonathan has been a Managing Director of Shefford Capital Partners, LLC., a private equity investor and advisor that specializes in small business acquisitions. We believe Mr. Cross' experience in working with small businesses and his understanding and knowledge of the OTC Markets makes him uniquely qualified to lead the Company's strategy.

Mr. Cross' term expires at our annual meeting of stockholders or until their successors are duly elected and qualified.

The Company has no employees other than Mr. Cross.

(b) Significant Employees. None.

(c) Family Relationships. None.

(d) Involvement in Certain Legal Proceedings.

No officer, director, or persons nominated for such positions, promoter or significant employee has been involved in the last ten years in any of the following:

· Any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time;

· Any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses);

· Being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities; and

· Being found by a court of competent jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated.

(e) The Board of Directors acts as the audit committee and has no separate committees. The Company has no qualified financial expert at this time because it has not been able to hire a qualified candidate. Further, the Company believes that it has inadequate financial resources at this time to hire such an expert. The Company intends to continue to search for a qualified individual for hire.

(f) Code of Ethics. We do not currently have a code of ethics.

(g) There are no agreements or understandings for any director or officer to resign at the request of another person, nor is any director and officer acting on behalf of, and/or will not act at the direction of, any other person.

**Item 6. Executive Compensation.**

No officer or director has received any compensation from the Company since the inception of the Company. Until the Company produces revenues and/or acquires additional capital, it is not anticipated that any officer or director will receive compensation from the Company other than reimbursement for out-of-pocket expenses incurred on behalf of the Company. Our officer and director intend to devote his full time to our affairs.

The Company has no stock option, retirement, pension, or profit-sharing programs for the benefit of directors, officers or other employees, but our officers and directors may recommend adoption of one or more such programs in the future.

There are no understandings or agreements regarding compensation of our management that is required to be disclosed.

The Company does not have a standing compensation committee or a committee performing similar functions, since the Board of Directors has determined not to compensate the officer and director until such time as the Company has revenues.

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

Since inception, on August 12, 2023, the Company incurred fees related its formation and professional fees and expenses associated with the preparation and filing of the Company's Registration Statement.

The shares owned by Jonathan Cross, represent 37.7% the issued and outstanding shares of the Company.

Jonathan Cross, the Company's sole Director (its original incorporator), has paid all expenses incurred by the Company, which includes resident agent fees, basic state and local fees and taxes, and expenses related to the formation of the Company and the professional fees and expenses associated with the preparation and filing of the Company's formation and Registration Statement. On a going forward basis, Mr. Cross has committed to funding all expenses incurred by the Company until such time as it is financially self-sustaining. These payments for expenses are being paid in return for the 1,000,000 common shares issued to Mr. Cross at inception.

We utilize the office space and equipment of Mr. Cross at no cost. Management estimates such amounts to be immaterial.

Except as otherwise indicated herein, there have been no other related party transactions, or any other transactions or relationships required to be disclosed pursuant to Item 404 and Item 407(a) of Regulation S-K.

**Corporate Governance and Director Independence.**

Our Chairman and Sole Director, Jonathan Cross is not an "Independent Director".

The Company has not:

· established its own definition for determining whether its directors and nominees for directors are "independent" nor has it adopted any other standard of independence employed by any national securities exchange or inter-dealer quotation system, though our current director would not be deemed to be "independent" under any applicable definition given that he is an officer of the Company; nor

· established any committees of the Board of Directors.

Given the nature of the Company's business, its limited stockholder base and the current composition of management, the Board of Directors does not believe that the Company requires any corporate governance committees at this time.

The Board of Directors serves as the Company's audit committee.

**Item 8. Legal Proceedings.**

There are presently no material pending legal proceedings to which the Company is a party or as to which any of its property is subject, and no such proceedings are known to the Company to be threatened or contemplated against it.

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

(a) Market Information.

The Company's common stock does not trade, nor is it admitted to quotation, on any stock exchange or other trading facility. Management has no present plan, proposal, arrangement or understanding with any person with regard to the development of a trading market in any of our securities. We cannot assure you that a trading market for our common stock will ever develop. The Company has not registered its class of common stock for resale under the blue sky laws of any state and current management does not anticipate doing so. The holders of shares of common stock, and persons who may desire to purchase shares of our common stock in any trading market that might develop in the future, should be aware that significant state blue sky law restrictions may exist which could limit the ability of stockholders to sell their shares and limit potential purchasers from acquiring our common stock.

The Company is not obligated by contract or otherwise to issue any securities and there are no outstanding securities which are convertible into or exchangeable for shares of our common stock, furthermore, there are currently no outstanding warrants on any of our securities. All outstanding shares of our common stock are "restricted securities," as that term is defined under Rule 144 promulgated under the Securities Act of 1933, because they were issued in a private transaction not involving a public offering. Accordingly, none of the outstanding shares of our common stock may be resold, transferred, pledged as collateral or otherwise disposed of unless such transaction is registered under the Securities Act of 1933 or an exemption from registration is available. In connection with any transfer of shares of our common stock other than pursuant to an effective registration statement under the Securities Act of 1933, the Company may require the holder to provide to the Company an opinion of counsel to the effect that such transfer does not require registration of such transferred shares under the Securities Act of 1933.

Neither the Company nor its officer and director has any present plan, proposal, arrangement, understanding or intention of selling any unissued or outstanding shares of common stock in the public market. Nevertheless, in the event that a substantial number of shares of our common stock were to be sold in any public market that may develop for our securities, such sales may adversely affect the price for the sale of the Company's common stock securities in any such trading market. We cannot predict what effect, if any, market sales of currently restricted shares of common stock or the availability of such shares for sale will have on the market prices prevailing from time to time, if any.

(b) Holders.

As of May 31, 2025, there were six (6) recorded holder of an aggregate of 2,650,000 shares of our Common Stock issued and outstanding.

(c) Dividends.

The Company has not paid any cash dividends to date and does not anticipate or contemplate paying dividends in the foreseeable future. It is the present intention of management to utilize all available funds for the development of the Company's business.

(d) Securities Authorized for Issuance under Equity Compensation Plans.

None.

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

Since inception, the Company has issued and sold the following securities without the benefit of registration under the Securities Act of 1933, as amended:

Issuances Pursuant to Section 4(2) of the Securities Act of 1933:

On August 12, 2023, the day of its incorporation, the Company issued an aggregate of 1,000,000 restricted shares of its common stock to Jonathan Cross in exchange for a total aggregate purchase price of $100.

On October 15, 2023, the Company issued 1,000,000 restricted shares of its common stock to Championship Holdings, Inc. as co-founder and for consulting.

On April 30, 2024, the Company issued 100,000 restricted shares of its common stock to Algorithm Investments III, LLC. as part of a share exchange with co-founder Championship Holdings, Inc.

On April 30, 2024, the Company issued 250,000 restricted shares of its common stock to Huis Group Global, LLC. in return for consulting services.

On April 30, 2024, the Company issued 250,000 restricted shares of its common stock to George Gonzalez in return for consulting services.

On April 30, 2024, the Company issued 50,000 restricted shares of its common stock to Homer Carvan in return for consulting services.

We relied upon Section 4(2) of the Securities Act of 1933, as amended for the above issuance. We believed that Section 4(2) was available because:

· The issuance did not involve any underwriters, underwriting discounts, or commissions;

· We placed restrictive legends on all certificates issued;

· No sales were made by general solicitation or advertising;

· Sales were made only to accredited investors

In connection with the above transactions, we provided the following to all investors:

· Access to all our books and records.

· Access to all material contracts and documents relating to our operations.

· The opportunity to obtain any additional information, to the extent we possessed such information, necessary to verify the accuracy of the information to which the investors were given access.

The Company's Board of Directors has the power to issue any or all of the authorized but unissued Common Stock without stockholder approval. The Company currently has no commitments to issue any shares of common stock. However, the Company will, likely, issue a substantial number of additional shares to finance growth. Since the Company expects to issue additional shares of common stock, existing stockholders of the Company may experience substantial dilution in their shares.

**Item 11. Description of Registrant's Securities to be Registered.**

**Authorized Capital Stock**

The authorized capital stock of the Company consists of 100,000,000 shares of Common Stock, par value $.0001 per share, of which there are 2,650,000 issued and outstanding, and 10,000,000 shares of Preferred Stock, par value $.0001 per share, of which none have been designated or issued. The following summarized the important provisions of the Company's capital stock.

**Common Stock**

Holders of shares of common stock are entitled to one vote for each share on all matters to be voted on by the stockholders. Holders of common stock do not have cumulative voting rights. Holders of common stock are entitled to share ratably in dividends, if any, as may be declared from time to time by the Board of Directors in its discretion from funds legally available. In the event of a liquidation, dissolution or winding up of the company, the holders of common stock are entitled to share pro rata all assets remaining after payment in full of all liabilities. All of the outstanding shares of common stock are fully paid and non-assessable.

Holders of common stock have no preemptive rights to purchase the Company's common stock. There are no conversion or redemption rights or sinking fund provisions with respect to the common stock.

**Preferred Stock**

The Board of Directors is authorized to provide for the issuance of shares of preferred stock in series and, by filing a certificate pursuant to the applicable law of North Carolina, to establish from time to time the number of shares to be included in each such series, and to fix the designation, powers, preferences and rights of the shares of each such series and the qualifications, limitations or restrictions thereof without any further vote or action by the shareholders. Any shares of preferred stock so issued would have priority over the common stock with respect to dividend or liquidation rights. Any future issuance of preferred stock may have the effect of delaying, deferring or preventing a change in control of our Company without further action by the shareholders and may adversely affect the voting and other rights of the holders of common stock. At present, we have no plans to neither issue any preferred stock nor adopt any series, preferences or other classification of preferred stock.

The description of certain matters relating to the securities of the Company is a summary and is qualified in its entirety by the provisions of the Company's Certificate of Incorporation and By-Laws, copies of which have been filed as exhibits to this Registration Statement on Form 10.

**Dividends**

We have not paid any dividends on our common stock and do not presently intend to pay cash dividends in the foreseeable future. The payment of any dividends will be within the discretion of our then existing Board of Directors. It is the present intention of our Board of Directors to retain all earnings, if any, for use in our business operations and, accordingly, the board of directors does not anticipate paying any cash dividends in the foreseeable future.

**Trading of Securities in Secondary Market**

The Company presently has 1,000,000 shares of common stock issued and outstanding, all of which are "restricted securities," as that term is defined under Rule 144 promulgated under the Securities Act, in that such shares were issued in private transactions not involving a public offering.

It is anticipated that at some point the Company will list its common stock for trading in one or more United States markets.

In order to qualify for listing on the Nasdaq Small-Cap Market, a company must have at least (i) net tangible assets of $4,000,000 or market capitalization of $50,000,000 or net income for two of the last three years of $750,000; (ii) public float of 1,000,000 shares with a market value of $5,000,000; (iii) a bid price of $4.00; (iv) three market makers; (v) 300 shareholders and (vi) an operating history of one year or, if less than one year, $50,000,000 in market capitalization. For continued listing on the Nasdaq Small-Cap Market, a company must have at least (i) net tangible assets of $2,000,000 or market capitalization of $35,000,000 or net income for two of the last three years of $500,000; (ii) a public float of 500,000 shares with a market value of $1,000,000; (iii) a bid price of $1.00; (iv) two market makers; and (v) 300 shareholders.

If we do not meet the qualifications for listing on the Nasdaq Small-Cap Market, we may apply for quotation of our securities on the OTC Markets. In certain cases, we may elect to have our securities initially quoted on the "OTCID" published by the OTC Markets Group, Inc.

**Rules 504, 505 and 506 of Regulation D**

We have considered the possible need and intend to issue shares relying on the exemption provided under Regulation D of the Securities Act of 1933 as the need arises. We do not intend to conduct a registered offering of our securities at this time. We have taken no action in furtherance of any offering of any securities at this time as our only activities since inception have been limited to developing strategy, small business outreach, completing organizational activities, and preparing this Registration Statement on Form 10 to file with the SEC.

**Transfer Agent**

The Company's Transfer Agent is VStock Transfer LLC., whose address is 18 Lafayette Place, Woodmere, NY 11598

**(b) Debt Securities.** None.

**(c) Other Securities to be Registered.** None*.*

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

The North Carolina Business Corporation Act provides that a corporation may indemnify directors and officers as well as other employees and individuals against expenses including attorneys' fees, judgments, fines and amounts paid in settlement in connection with various actions, suits or proceedings, whether civil, criminal, administrative or investigative other than an action by or in the right of the corporation, a derivative action, if they acted in good faith and in a manner they reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, if they had no reasonable cause to believe their conduct was unlawful. A similar standard is applicable in the case of derivative actions, except that indemnification only extends to expenses including attorneys' fees incurred in connection with the defense or settlement of such actions and the statute requires court approval before there can be any indemnification where the person seeking indemnification has been found liable to the corporation. The statute provides that it is not exclusive of other indemnification that may be granted by a corporation's certificate of incorporation, bylaws, agreement, and a vote of stockholders or disinterested directors or otherwise.

Our Certificate of Incorporation provides that it will indemnify and hold harmless, to the fullest extent permitted by the North Carolina Business Corporation Act, as amended from time to time, each person that such section grants us the power to indemnify.

North Carolina Business Corporation Act permits a corporation to provide in its certificate of incorporation that a director of the corporation shall not be personally liable to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except for liability for:

---

| | |
|:---|:---|
| – | any breach of the director's duty of loyalty to the corporation or its stockholders; |
| – | acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law; |
| – | payments of unlawful dividends or unlawful stock repurchases or redemptions; or |
| – | any transaction from which the director derived an improper personal benefit. |

---

Our Certificate of Incorporation provides that, to the fullest extent permitted by applicable law, none of our directors will be personally liable to us or our stockholders for monetary damages for breach of fiduciary duty as a director. Any repeal or modification of this provision will be prospective only and will not adversely affect any limitation, right or protection of a director of our company existing at the time of such repeal or modification.

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

We set forth below a list of our audited financial statements included in this Registration Statement on Form 10.

(i) Balance Sheet as of May 31, 2025

(ii) Statement of Operations for the period from inception (August 12, 2023) through May 31, 2025

(iii) Statement of Changes in Stockholders' Equity (Deficit) for the period from inception (August 12, 2023) through May 31, 2025

(iv) Statement of Cash Flows for the period from inception (August 12, 2023) through May 31, 2025

(v) Notes to Financial Statements

\*The financial statements follow page 15 to this Registration Statement on Form 10.

**Item 14. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.**

There are not and have not been any disagreements between the Company and its accountants on any matter of accounting principles, practices or financial statement disclosure.

**Item 15. Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Financial Statements.

The financial statements and related notes are included as part of this Form 10 registration statement as indexed in the appendix on page F-1 through F-8.

(b) Exhibits.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | | **Incorporated by reference** | **Incorporated by reference** | **Incorporated by reference** | **Incorporated by reference** |
| <br>**Exhibit** | <br>**Exhibit Description**  | <br>**Filed herewith** | **Form** | **Period ending**  | **Exhibit** | **Filing date** |
| [3.1](shefford_ex31.htm) | [Certificate of Incorporation](shefford_ex31.htm) | X |  |  |  |  |
| [3.2](shefford_ex32.htm) | [By-Laws](shefford_ex32.htm) | X |  |  |  |  |
| [3.3](shefford_ex33.htm) | [Name Change Amendment](shefford_ex33.htm) | X |  |  |  |  |

---

**SIGNATURES**

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

---

| | | |
|:---|:---|:---|
|  | **Shefford Companies, Inc.** | **Shefford Companies, Inc.** |
| Date: August 12, 2025 | By: | */s/ Jonathan Cross* |
|  |  | Jonathan Cross, Chairman |

---

**SHEFFORD COMPANIES, INC.**

**FINANCIAL STATEMENTS**

**AS OF May 31, 2025** 

**AND FOR THE PERIOD FROM August 12, 2023**

**(DATE OF INCEPTION) TO MAY 31, 2025**

**Contents**

---

| | |
|:---|:---|
| **Financial Statements** | PAGE |
| [Report of Independent Registered Public Accounting Firm](#REPORT) | F-2 |
| [Balance Sheet as of May 31, 2025](#BS) | F-3 |
| [Statement of Operations for the period from inception (August 12, 2023) through May 31, 2025](#SO) | F-4 |
| [Statement of Changes in Stockholder's Equity (Deficit) for the period from inception (August 12, 2023) through May 31, 2025](#SE) | F-5 |
| [Statement of Cash Flows for the period from inception (August 12, 2023) through May 31, 2025](#CF) | F-6 |
| [Notes to Financial Statements](#NTS) | F-7 |

---

---

| |
|:---|
| F-1 |
| *[**Table of Contents**](#FTOC)* |

---

**MICHAEL GILLESPIE & ASSOCIATES, PLLC**

**CERTIFIED PUBLIC ACCOUNTANTS**

**Vancouver, WA 98666**

**206.353.5736** **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** 

To the Shareholders & Board of Directors

Shefford & Companies, Inc.

**Opinion on the Financial Statements**

We have audited the accompanying balance sheet of Shefford & Companies, Inc. as of May 31, 2025, December 31, 2024 and December 31, 2023 and the related statements of operation, changes in stockholders' deficit, cash flows, and the related notes (collectively referred to as "financial statements") for the period from January 1, 2025 through May 31, 2025 and for the years ended December 31, 2024 and December 31, 2023. In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of May 31, 2025, December 31, 2024 and December 31, 2023 and the results of its operations and its cash flows for the period from January 1, 2025 through May 31, 2025 and for the years ended December 31, 2024 and December 31, 2023 in conformity with accounting principles generally accepted in the United States of America..

**Going Concern**

The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note #3 to the financial statements, although the Company has limited operations it has yet to attain profitability. This raises substantial doubt about its ability to continue as a going concern. Management's plan in regard to these matters is also described in Note #3. 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 audits 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 audits 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/ MICHAEL GILLESPIE & ASSOCIATES, PLLC

We have served as the Company's auditor since 2023.

PCAOB ID 6104

Vancouver, Washington

August 12, 2025

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| |
|:---|
| F-2 |
| *[**Table of Contents**](#FTOC)* |

---

**SHEFFORD COMPANIES, INC.** 

**Audited**

**Balance Sheet**

---

| | | |
|:---|:---|:---|
|  | **May 31, 2025** | **December 31, 2024** |
| ASSETS |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents | $20 | $20 |
| &nbsp;&nbsp;&nbsp;&nbsp; Subscriptions Receivable | 165 | 165 |
| Total current assets | 185 | 185 |
| Total assets | $185 | $185 |
| LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accounts payable | $0 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Due to related party | 0 | 0 |
| Total current liabilities | 0 | 0 |
| Total liabilities | $0 | $0 |
| STOCKHOLDERS' EQUITY: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Preferred stock: $0.0001 par value, 100,000,000 shares authorized, none issued and outstanding as on May 31, 2025 and 2024, respectively. | $- | $- |
| &nbsp;&nbsp;&nbsp;&nbsp; Common stock: $0.0001 par value, 100,000,000 shares authorized, 2,650,000 and 2,650,000 shares issued and outstanding as on May 31, 2025 and 2024, respectively. | 265 | 265 |
| &nbsp;&nbsp;&nbsp;&nbsp; Additional paid-in capital | 3537 | 3537 |
| &nbsp;&nbsp;&nbsp;&nbsp; Share subscription received | 0. | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accumulated deficit | (3617) | (3617) |
| Total stockholders' Equity | $185 | $185 |
| Total liabilities and stockholders' equity | $185 | $185 |

---

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

---

| |
|:---|
| F-3 |
| *[**Table of Contents**](#FTOC)* |

---

**SHEFFORD COMPANIES, INC.** 

**Audited**

**Statement of Operations**

---

| | | |
|:---|:---|:---|
|  | **January 1, 2025 through May 31, 2025** | **For the year ended December 31, 2024** |
| REVENUE | $- | $- |
| OPERATING EXPENSES: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; General and administration expenses | 00 | 37 |
| &nbsp;&nbsp;&nbsp;&nbsp; Professional fees | 0 | 00 |
| Total operating expenses | $00 | $37 |
| Net loss | $(00) | $(37) |
| Net loss per common share - basic and diluted | $(00) | $(00) |
| Weighted average number of shares of common stock outstanding - basic and diluted | 2650000 | 2433333 |

---

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

---

| |
|:---|
| F-4 |
| *[**Table of Contents**](#FTOC)* |

---

**SHEFFORD COMPANIES, INC.** 

**Audited**

**Statement of Changes in Stockholders' Equity (Deficit)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Common**<br> **Stock** | **Common**<br> **Stock**<br> **Amount** | **Additional**<br> **Paid-in** <br> **Capital** | **Deficit** <br> **Accumulated** <br> **During** <br> **Development** <br> **Stage** | **Total** |
| Balance January 1, 2024 |  |  |  |  |  |
| Issuance of Common Stock | 2000000 | $200 | $3500 | $3580 | $120 |
| Subscriptions Receivable | 650000 | 65 |  |  | 65 |
| Net loss | - | - | (37) | (37) | - |
| Balance December 31, 2024 | 2650000 | $265 | $3537. | (3617) | $185 |
| Balance January 1, 2025 |  |  |  |  |  |
| Issuance of Common Stock | 2650000 | $265 | $3537 | ($3617) | $185 |
| Subscriptions Receivable |  |  |  |  |  |
| Net loss | - | - | - | - | - |
| Balance May 31, 2025 | 2650000 | $265 | $3537 | (3617) | $185 |

---

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

---

| |
|:---|
| F-5 |
| *[**Table of Contents**](#FTOC)* |

---

**SHEFFORD COMPANIES, INC.** 

**Audited**

**Statement of Cash Flows**

---

| | | |
|:---|:---|:---|
|  | **January 1, 2025 through May 31, 2025** | **For the year ended December 31, 2024** |
| Cash Flows from Operating Activities: |  |  |
| &nbsp;&nbsp;&nbsp; Net loss  | $00 | $(37) |
| Adjustments to reconcile net loss to net cash used by operating activities: |  |  |
| Changes in operating assets and liabilities:  |  |  |
| &nbsp;&nbsp;&nbsp; Subscriptions Receivable |  | 65 |
| Net cash used in operating activities | $00 | $(102) |
| Cash Flows from Financing Activities: |  |  |
| &nbsp;&nbsp;&nbsp; Issuance of Common Stock | 0 | 100 |
| &nbsp;&nbsp;&nbsp; Repayment of related party debt |  |  |
| &nbsp;&nbsp;&nbsp; Paid In Capital | 00 | 37 |
| Net cash provided by financing activities | $00 | $102 |
| Net cash increase for period: | 0.00 | 0 |
| Net cash provided by Investing activities | $- | $- |
| Net increase (decrease) in cash, cash equivalents and restricted cash |  |  |
| Cash, cash equivalents and restricted cash at beginning of the period | 21 | 20 |
| Cash, cash equivalents and restricted cash at end of the period | $21 | $20 |
| Supplemental Cash Flow Information: |  |  |
| &nbsp;&nbsp;&nbsp; Cash paid for interest | $- | $- |
| &nbsp;&nbsp;&nbsp; Cash paid for income taxes | $- | $- |
| &nbsp;&nbsp;&nbsp; Share issue for services | - | 650000 |

---

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

---

| |
|:---|
| F-6 |
| *[**Table of Contents**](#FTOC)* |

---

**SHEFFORD COMPANIES, INC.**

**Notes to Financial Statements**

**For the Period from August 12, 2023 (inception) to May 31, 2025**

**(Audited)**

***NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS***

SHEFFORD COMPANIES, INC. (the "Company") was incorporated on August 12, 2023, as a North Carolina corporation under the name "Shefford & Companies, Inc." On May 28, 2025, the Company changed its name to Shefford Companies, Inc. Since inception has been engaged in strategy development and the development and outreach to small businesses.

The Company has not established any source of revenue to cover its operating costs. The Company will engage in very limited activities, without incurring any liabilities that must be satisfied in cash, until a source of funding is secured. The Company may offer noncash consideration and seek equity lines as a means of financing its operations. If the Company is unable to obtain revenue producing contracts or financing or if the revenue or financing it does obtain is insufficient to cover any operating losses it may incur, it may substantially curtail or terminate its operations or seek other business opportunities through strategic alliances, acquisitions or other arrangements that may dilute the interests of existing stockholders.

***NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES***

**<u>Basis of Presentation</u>**

**Accounting**

The Company's financial statements are prepared using accounting principles generally accepted in the United States of America. The Company has elected a fiscal year ending on December 31.

**Use of Estimates**

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

**Cash Equivalents**

The Company considers all highly liquid investments, with maturity of three months or less when purchased, to be cash equivalents.

**Income Taxes**

Income taxes are provided in accordance with current accounting requirements. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of the deferred tax assets will be not realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. There were no current or deferred income tax expenses or benefits are related in the financial statements due to the Company not being in operations prior to August 12, 2023. Generally, all periods since inception are open to tax examination by taxing authorities.

**Basic Earnings (Loss) per Share**

Basic net loss per share amount is computed by dividing the net loss for the period by the weighted average number of common shares outstanding. Diluted earnings per share are the same as basic earnings per share due to the absence on dilutive securities.

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**Impact of New Accounting Standards**

The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company's results of operations, financial position, or cash flow, except for the expected change in financial reporting for development stage companies. A recent FASB proposal will reduce the complexity of reporting for these companies by eliminating the "inception to date" information.

Accounting Standard update 2014-10 issued in June 2014, removes the financial reporting distinction between development stage companies and other reporting entities. The Amendment is for public business entities is effective with an annual reporting period beginning after December 15, 2014. Early implementation was available to the company, and it has elected early implementation.

***NOTE 3. GOING CONCERN***

The Company's financial statements are prepared using the accrual method of accounting in accordance with U.S. GAAP and have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities in the normal course of business. As of December 31, 2024, the Company had cash of $21.03 and since inception it has not produced revenues. The Company has no operating business and limited capital. Because of this, there is substantial doubt about the Company's ability to continue as a going concern.

A successful transition to attaining profitable operations is dependent upon obtaining sufficient financing to fund the Company's planned expenses and achieving a level of revenue adequate to support the Company's cost structure.

There can be no assurances the Company will be able to realize revenue in 2025 and beyond.

***NOTE 4. RELATED PARTY TRANSACTIONS***

Jonathan Cross, the Company's Chairman (its original incorporator), has paid all expenses incurred by the Company, which includes resident agent fees, basic state and local fees and taxes, and expenses related to the formation of the Company and the professional fees and expenses associated with the preparation and filing of the Company's registration of its Common Stock on Form 10. On a going forward basis, Mr. Cross has committed to funding all expenses incurred by the Company through such time as the Company is self-sustaining. These payments for expenses are in return for the 1,000,000 common shares issued to Mr. Cross at inception.

Mr. Cross will not be repaid for the amounts extended to the Company, all expenditures have been, and will be, classified as contributions to capital in Additional Paid In Capital.

We utilize the office space and equipment of Mr. Cross at no cost. Management estimates such amounts to be immaterial.

***NOTE 5. STOCKHOLDER'S EQUITY***

On August 12, 2023, the day of its incorporation, the Company issued an aggregate of 1,000,000 restricted shares of its common stock to Jonathan Cross in exchange for a total aggregate purchase price of $100.

On October 15, 2023, the Company issued 1,000,000 restricted shares of its common stock to Championship Holdings, Inc. as co-founder and for services provided, or to be provided, to the company, valued at a price of $0.0001 per share.

On April 30, 2024, the Company issued 100,000 restricted shares of its common stock to Algorithm Investments III, LLC. as co-founder and for services provided, or to be provided, to the Company, valued at a price of $0.0001 per share.

On April 30, 2024, the Company issued 250,000 restricted shares of its common stock to Huis Group Global, LLC. as co-founder and for services provided, or to be provided, to the Company, valued at a price of $0.0001 per share, valued at a price of $0.0001 per share.

On April 30, 2024, the Company issued 250,000 restricted shares of its common stock to George Gonzalez as co-founder and for services provided, or to be provided, to the Company, valued at a price of $0.0001 per share, valued at a price of $0.0001 per share.

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On April 30, 2024, the Company issued 50,000 restricted shares of its common stock to Homer Carvan as co-founder and for services provided, or to be provided, to the Company, valued at a price of $0.0001 per share.

The stockholders' equity section of the Company contains the following classes of capital stock as of December 31, 2024:

· Common stock, $0.0001 par value: 100,000,000 shares authorized; 2,650,000 shares issued and outstanding

· Preferred stock, $0.0001 par value: 10,000,000 shares authorized; none issued and outstanding. Rights and Provisions of said preferred shares will be determined at a later date; prior to issuance.

***NOTE 6. SUBSEQUENT EVENTS***

There have been no subsequent events.

## Exhibit 3.1

**EXHIBIT 3.1**

![](shefford_ex31img1.jpg)

![](shefford_ex31img2.jpg)

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## Exhibit 3.2

**EXHIBIT 3.2**

**SHEFFORD & COMPANIES, INC.**

**By-Laws**

**Article I**

**The Stockholders**

**Section 1.1. Annual Meeting.** The annual meeting of the stockholders of Shefford & Companies, Inc. (the "Corporation") shall be held on the third Thursday in May of each year at 10:30 a.m. local time, or at such other date or time as shall be designated from time to time by the Board of Directors and stated in the notice of the meeting, for the election of directors and for the transaction of such other business as may come before the meeting.

**Section 1.2. Special Meetings.** A special meeting of the stockholders may be called at any time by the written resolution or request of two-thirds or more of the members of the Board of Directors, the president, or any executive vice president and shall be called upon the written request of the holders of two-thirds or more in amount, of each class or series of the capital stock of the Corporation entitled to vote at such meeting on the matters(s) that are the subject of the proposed meeting, such written request in each case to specify the purpose or purposes for which such meeting shall be called, and with respect to stockholder proposals, shall further comply with the requirements of this Article.

**Section 1.3. Notice of Meetings.** Written notice of each meeting of stockholders, whether annual or special, stating the date, hour and place where it is to be held, shall be served either personally or by mail, not less than fifteen nor more than sixty days before the meeting, upon each stockholder of record entitled to vote at such meeting, and to any other stockholder to whom the giving of notice may be required by law. Notice of a special meeting shall also state the purpose or purposes for which the meeting is called and shall indicate that it is being issued by, or at the direction of, the person or persons calling the meeting. If, at any meeting, action is proposed to be taken that would, if taken, entitle stockholders to receive payment for their stock, the notice of such meeting shall include a statement of that purpose and to that effect. If mailed, notice shall be deemed to be delivered when deposited in the United States mail or with any private express mail service, postage or delivery fee prepaid, and shall be directed to each such stockholder at his address, as it appears on the records of the stockholders of the Corporation, unless he shall have previously filed with the secretary of the Corporation a written request that notices intended for him be mailed to some other address, in which case, it shall be mailed to the address designated in such request.

**Section 1.4. Fixing Date of Record.** (a) In order that the Corporation may determine the stockholders entitled to notice of or to vote at any meeting of stockholders, or any adjournment thereof, the Board of Directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted by the Board of Directors, and which record date shall not be more than sixty nor less than ten days before the date of such meeting. If no record date is fixed by the Board of Directors, the record date for determining stockholders entitled to notice of, or to vote at, a meeting of stockholders shall be at the close of business on the day next preceding the day on which notice is given, or if notice is waived, at the close of business on the day next preceding the day on which the meeting is held. A determination of stockholders of record entitled to notice of, or to vote at, a meeting of stockholders shall apply to any adjournment of the meeting; provided, however, that the Board of Directors may fix a new record date for the adjourned meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In order that the Corporation may determine the stockholders entitled to consent to corporate action in writing without a meeting (to the extent that such action by written consent is permitted by law, the Certificate of Incorporation or these By-Laws), the Board of Directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted by the Board of Directors, and which date shall not be more than ten days after the date upon which the resolution fixing the record date is adopted by the Board of Directors. If no record date has been fixed by the Board of Directors, the record date for determining stockholders entitled to consent to corporate action in writing without a meeting, when no prior action by the Board of Directors is required by law, shall be the first date on which a signed written consent setting forth the action taken or proposed to be taken is delivered to the Corporation by delivery to its registered office in its state of incorporation, its principal place of business, or an officer or agent of the Corporation having custody of the book in which proceedings of meetings of stockholders are recorded. Delivery made to the Corporation's registered office shall be by hand or by certified or registered mail, return receipt requested. If no record date has been fixed by the Board of Directors and prior action by the Board of Directors is required by law, the record date for determining stockholders entitled to consent to corporate action in writing without a meeting shall be at the close of business on the day on which the Board of Directors adopts the resolution taking such prior action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In order that the Corporation may determine the stockholders entitled to receive payment of any dividend or other distribution or allotment of any rights or the stockholders entitled to exercise any rights in respect of any change, conversion or exchange of stock, or for the purpose of any other lawful action, the Board of Directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted, and which record date shall be not more than sixty days prior to such action. If no record date is fixed, the record date for determining stockholders for any such purpose shall be at the close of business on the day on which the Board of Directors adopts the resolution relating thereto.

**Section 1.5. Inspectors.** At each meeting of the stockholders, the polls shall be opened and closed and the proxies and ballots shall be received and be taken in charge. All questions touching on the qualification of voters and the validity of proxies and the acceptance or rejection of votes, shall be decided by one or more inspectors. Such inspectors shall be appointed by the Board of Directors before or at the meeting, or, if no such appointment shall have been made, then by the presiding officer at the meeting. If for any reason any of the inspectors previously appointed shall fail to attend or refuse or be unable to serve, inspectors in place of any so failing to attend or refusing or unable to serve shall be appointed in like manner.

**Section 1.6. Quorum.** At any meeting of the stockholders, the holders of a majority of the shares entitled to vote, represented in person or by proxy, shall constitute a quorum of the stockholders for all purposes, unless the representation of a larger number shall be required by law, and, in that case, the representation of the number so required shall constitute a quorum.

If the holders of the amount of stock necessary to constitute a quorum shall fail to attend in person or by proxy at the time and place fixed in accordance with these By-Laws for an annual or special meeting, a majority in interest of the stockholders present in person or by proxy may adjourn, from time to time, without notice other than by announcement at the meeting, until holders of the amount of stock requisite to constitute a quorum shall attend. At any such adjourned meeting at which quorum shall be present, any business may be transacted which might have been transacted at the meeting as originally notified.

**Section 1.7. Business.** The chairman of the Board, if any, the president, or in his absence the vice-chairman, if any, or an executive vice president, in the order named, shall call meetings of the stockholders to order, and shall act as chairman of such meeting; provided, however, that the Board of Directors or executive committee may appoint any stockholder to act as chairman of any meeting in the absence of the chairman of the Board. The secretary of the Corporation shall act as secretary at all meetings of the stockholders, but in the absence of the secretary at any meeting of the stockholders, the presiding officer may appoint any person to act as secretary of the meeting.

**Section 1.8. Stockholder Proposals.** No proposal by a stockholder shall be presented for vote at a special or annual meeting of stockholders unless such stockholder shall, not later than the close of business on the fifth day following the date on which notice of the meeting is first given to stockholders, provide the Board of Directors or the secretary of the Corporation with written notice of intention to present a proposal for action at the forthcoming meeting of stockholders, which notice shall include the name and address of such stockholder, the number of voting securities that he holds of record and that he holds beneficially, the text of the proposal to be presented to the meeting and a statement in support of the proposal. Any stockholder who was a stockholder of record on the applicable record date may make any other proposal at an annual meeting or special meeting of stockholders and the same may be discussed and considered, but unless stated in writing and filed with the Board of Directors or the secretary prior to the date set forth herein above, such proposal shall be laid over for action at an adjourned, special, or annual meeting of the stockholders taking place sixty days or more thereafter. This provision shall not prevent the consideration and approval or disapproval at the annual meeting of reports of officers, directors, and committees, but in connection with such reports, no new business proposed by a stockholder, qua stockholder, shall be acted upon at such annual meeting unless stated and filed as herein provided.

Notwithstanding any other provision of these By-Laws, the Corporation shall be under no obligation to include any stockholder proposal in its proxy statement materials or otherwise present any such proposal to stockholders at a special or annual meeting of stockholders if the Board of Directors reasonably believes the proponents thereof have not complied with Sections 13 or 14 of the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder; nor shall the Corporation be required to include any stockholder proposal not required to be included in its proxy materials to stockholders in accordance with any such section, rule or regulation.

**Section 1.9. Proxies.** At all meetings of stockholders, a stockholder entitled to vote may vote either in person or by proxy executed in writing by the stockholder or by his duly authorized attorney-in-fact. Such proxy shall be filed with the secretary before or at the time of the meeting. No proxy shall be valid after eleven months from the date of its execution, unless otherwise provided in the proxy.

**Section 1.10. Voting by Ballot.** The votes for directors, and upon the demand of any stockholder or when required by law, the votes upon any question before the meeting, shall be by ballot.

**Section 1.11. Voting Lists.** The officer who has charge of the stock ledger of the Corporation shall prepare and make, at least ten days before every meeting of stockholders, a complete list of the stockholders entitled to vote at the meeting, arranged in alphabetical order, and showing the address of each stockholder and the number of shares of stock registered in the name of each stockholder. Such list shall be open to the examination of any stockholder, for any purpose germane to the meeting, during ordinary business hours for a period of at least ten days prior to the meeting, either at a place within the city where the meeting is to be held, which place shall be specified in the notice of the meeting, or if not so specified, at the place where the meeting is to be held. The list shall also be produced and kept at the time and place of the meeting during the whole time thereof and may be inspected by any stockholder who is present.

**Section 1.12. Place of Meeting.** The Board of Directors may designate any place, either within or without the state of incorporation, as the place of meeting for any annual meeting or any special meeting called by the Board of Directors. If no designation is made or if a special meeting is otherwise called, the place of meeting shall be the principal office of the Corporation.

**Section 1.13. Voting of Stock of Certain Holders.** Shares of capital stock of the Corporation standing in the name of another corporation, domestic or foreign, may be voted by such officer, agent, or proxy as the by-laws of such corporation may prescribe, or in the absence of such provision, as the board of directors of such corporation may determine.

Shares of capital stock of the Corporation standing in the name of a deceased person, a minor ward or an incompetent person may be voted by his administrator, executor, court-appointed guardian or conservator, either in person or by proxy, without a transfer of such stock into the name of such administrator, executor, court-appointed guardian or conservator. Shares of capital stock of the Corporation standing in the name of a trustee may be voted by him, either in person or by proxy.

Shares of capital stock of the Corporation standing in the name of a receiver may be voted, either in person or by proxy, by such receiver, and stock held by or under the control of a receiver may be voted by such receiver without the transfer thereof into his name if authority to do so is contained in any appropriate order of the court by which such receiver was appointed.

A stockholder whose stock is pledged shall be entitled to vote such stock, either in person or by proxy, until the stock has been transferred into the name of the pledgee, and thereafter the pledgee shall be entitled to vote, either in person or by proxy, the stock so transferred.

Shares of its own capital stock belonging to this Corporation shall not be voted, directly or indirectly, at any meeting and shall not be counted in determining the total number of outstanding stock at any given time, but shares of its own stock held by it in a fiduciary capacity may be voted and shall be counted in determining the total number of outstanding stock at any given time.

**Article II**

**Board of Directors**

**Section 2.1. General Powers.** The business, affairs, and the property of the Corporation shall be managed and controlled by the Board of Directors (the "Board"), and, except as otherwise expressly provided by law, the Certificate of Incorporation or these By-Laws, all of the powers of the Corporation shall be vested in the Board.

**Section 2.2. Number of Directors.** The number of directors which shall constitute the whole Board shall be not fewer than one nor more than five. Within the limits above specified, the number of directors shall be determined by the Board of Directors pursuant to a resolution adopted by a majority of the directors then in office.

**Section 2.3. Election, Term and Removal.** Directors shall be elected at the annual meeting of stockholders to succeed those directors whose terms have expired. Each director shall hold office for the term for which elected and until his or her successor shall be elected and qualified. Directors need not be stockholders. A director may be removed from office at a meeting expressly called for that purpose by the vote of not less than a majority of the outstanding capital stock entitled to vote at an election of directors.

**Section 2.4. Vacancies.** Vacancies in the Board of Directors, including vacancies resulting from an increase in the number of directors, may be filled by the affirmative vote of a majority of the remaining directors then in office, though less than a quorum; except that vacancies resulting from removal from office by a vote of the stockholders may be filled by the stockholders at the same meeting at which such removal occurs provided that the holders of not less than a majority of the outstanding capital stock of the Corporation (assessed upon the basis of votes and not on the basis of number of shares) entitled to vote for the election of directors, voting together as a single class, shall vote for each replacement director. All directors elected to fill vacancies shall hold office for a term expiring at the time of the next annual meeting of stockholders and upon election and qualification of his successor. No decrease in the number of directors constituting the Board of Directors shall shorten the term of an incumbent director.

**Section 2.5. Resignations.** Any director of the Corporation may resign at any time by giving written notice to the president or to the secretary of the Corporation. The resignation of any director shall take effect at the time specified therein and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.

**Section 2.6. Place of Meetings, etc.** The Board of Directors may hold its meetings, and may have an office and keep the books of the Corporation (except as otherwise may be provided for by law), in such place or places in or outside the state of incorporation as the Board from time to time may determine.

**Section 2.7. Regular Meetings.** Regular meetings of the Board of Directors shall be held as soon as practicable after adjournment of the annual meeting of stockholders at such time and place as the Board of Directors may fix. No notice shall be required for any such regular meeting of the Board.

**Section 2.8. Special Meetings.** Special meetings of the Board of Directors shall be held at places and times fixed by resolution of the Board of Directors, or upon call of the chairman of the Board, if any, or vice-chairman of the Board, if any, the president, an executive vice president or two-thirds of the directors then in office. The secretary or officer performing the secretary's duties shall give not less than twenty-four hours' notice by letter, telegraph or telephone (or in person) of all special meetings of the Board of Directors, provided that notice need not given of the annual meeting or of regular meetings held at times and places fixed by resolution of the Board. Meetings may be held at any time without notice if all of the directors are present, or if those not present waive notice in writing either before or after the meeting. The notice of meetings of the Board need not state the purpose of the meeting.

**Section 2.9. Participation by Conference Telephone.** Members of the Board of Directors of the Corporation, or any committee thereof, may participate in a regular or special or any other meeting of the Board or committee by means of conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other, and such participation shall constitute presence in person at such meeting.

**Section 2.10. Action by Written Consent.** Any action required or permitted to be taken at any meeting of the Board of Directors, or of any committee thereof, may be taken without a meeting if prior or subsequent to such action all the members of the Board or such committee, as the case may be, consent thereto in writing, and the writing or writings are filed with the minutes of the proceedings of the Board or committee.

**Section 2.11. Quorum.** A majority of the total number of directors then in office shall constitute a quorum for the transaction of business; but if at any meeting of the Board there be less than a quorum resent, a majority of those present may adjourn the meeting from time to time.

**Section 2.12. Business.** Business shall be transacted at meetings of the Board of Directors in such order as the Board may determine. At all meetings of the Board of Directors, the chairman of the Board, if any, the president, or in his absence the vice-chairman, if any, or an executive vice president, in the order named, shall preside.

**Section 2.13. Interest of Directors in Contracts.** (a) No contract or transaction between the Corporation and one or more of its directors or officers, or between the Corporation and any other corporation, partnership, association, or other organization in which one or more of the Corporation's directors or officers, are directors or officers, or have a financial interest, shall be void or voidable solely for this reason, or solely because the director or officer is present at or participates in the meeting of the Board or committee which authorizes the contract or transaction, or solely because his or their votes are counted for such purpose, if:

(1) to the contract or transaction are disclosed or are known to the Board of Directors or the committee, and the Board or committee in good faith authorizes the contract or transaction by the affirmative votes of a majority of the disinterested directors, even though the disinterested directors be less than quorum; or

(2) The material facts as to his relationship or interest and as to the contract or transaction are disclosed or are known to the stockholders entitled to vote thereon, and the contract or transaction is specifically approved in good faith by vote of the stockholders; or

(3) The contract or transaction is fair as to the Corporation as of the time it is authorized, approved or ratified, by the Board of Directors, a committee of the Board of Directors or the stockholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Interested directors may be counted in determining the presence of a quorum at a meeting of the Board of Directors or of a committee which authorizes the contract or transaction.

**Section 2.14. Compensation of Directors.** Each director of the Corporation who is not a salaried officer or employee of the Corporation, or of a subsidiary of the Corporation, shall receive such allowances for serving as a director and such fees for attendance at meetings of the Board of Directors or the executive committee or any other committee appointed by the Board as the Board may from time to time determine.

**Section 2.15. Loans to Officers or Employees.** The Board of Directors may lend money to, guarantee any obligation of, or otherwise assist, any officer or other employee of the Corporation or of any subsidiary, whether or not such officer or employee is also a director of the Corporation, whenever, in the judgment of the directors, such loan, guarantee, or assistance may reasonably be expected to benefit the Corporation; provided, however, that any such loan, guarantee, or other assistance given to an officer or employee who is also a director of the Corporation must be authorized by a majority of the entire Board of Directors. Any such loan, guarantee, or other assistance may be made with or without interest and may be unsecured or secured in such manner as the Board of Directors shall approve, including, but not limited to, a pledge of shares of the Corporation, and may be made upon such other terms and conditions as the Board of Directors may determine.

**Section 2.16. Nomination.** Subject to the rights of holders of any class or series of stock having a preference over the common stock as to dividends or upon liquidation, nominations for the election of directors may be made by the Board of Directors or by any stockholder entitled to vote in the election of directors generally. However, any stockholder entitled to vote in the election of directors generally may nominate one or more persons for election as directors at a meeting only if written notice of such stockholder's intent to make such nomination or nominations has been given, either by personal delivery or by United States mail, postage prepaid, to the secretary of the Corporation not later than (i) with respect to an election to be held at an annual meeting of stockholders, the close of business on the last day of the eighth month after the immediately preceding annual meeting of stockholders, and (ii) with respect to an election to be held at a special meeting of stockholders for the election of directors, the close of business on the fifth day following the date on which notice of such meeting is first given to stockholders. Each such notice shall set forth: (a) the name and address of the stockholder who intends to make the nomination and of the person or persons to be nominated; (b) a representation that the stockholder is a holder of record of stock of the Corporation entitled to vote at such meeting and intends to appear in person or by proxy at the meeting to nominate the person or persons specified in the notice; (c) a description of all arrangements or understandings between the stockholder and each nominee and any other person or persons (naming such person or persons) pursuant to which the nomination or nominations are to be made by the stockholder;

(d) such other information regarding each nominee proposed by such stockholder as would be required to be included in a proxy statement filed pursuant to the proxy rules of the Securities and Exchange Commission, had the nominee been nominated, or intended to be nominated, by the Board of Directors, and; (e) the consent of each nominee to serve as a director of the Corporation if so elected. The presiding officer at the meeting may refuse to acknowledge the nomination of any person not made in compliance with the foregoing procedure.

**Article III**

**Committees**

**Section 3.1. Committees.** The Board of Directors, by resolution adopted by a majority of the number of directors then fixed by these By-Laws or resolution thereto, may establish such standing or special committees of the Board as it may deem advisable, and the members, terms, and authority of such committees shall be set forth in the resolutions establishing such committee.

**Section 3.2. Executive Committee Number and Term of Office.** The Board of Directors may, at any meeting, by majority vote of the Board of Directors, elect from the directors an executive committee. The executive committee shall consist of such number of members as may be fixed from time to time by resolution of the Board of Directors. The Board of Directors may designate a chairman of the committee who shall preside at all meetings thereof, and the committee shall designate a member thereof to preside in the absence of the chairman.

**Section 3.3. Executive Committee Powers.** The executive committee may, while the Board of Directors is not in session, exercise all or any of the powers of the Board of Directors in all cases in which specific directions shall not have been given by the Board of Directors; except that the executive committee shall not have the power or authority of the Board of Directors to (i) amend the Certificate of Incorporation or the By-Laws of the Corporation, (ii) fill vacancies on the Board of Directors, (iii) adopt an agreement or certification of ownership, merger or consolidation, (iv) recommend to the stockholders the sale, lease or exchange of all or substantially all of the Corporation's property and assets, or a dissolution of the Corporation or a revocation of a dissolution, (v) declare a dividend, or (vi) authorize the issuance of stock.

**Section 3.4. Executive Committee Meetings.** Regular and special meetings of the executive committee may be called and held subject to the same requirements with respect to time, place and notice as are specified in these By-Laws for regular and special meetings of the Board of Directors. Special meetings of the executive committee may be called by any member thereof. Unless otherwise indicated in the notice thereof, any and all business may be transacted at a special or regular meeting of the executive meeting if a quorum is present. At any meeting at which every member of the executive committee shall be present, in person or by telephone, even though without any notice, any business may be transacted. All action by the executive committee shall be reported to the Board of Directors at its meeting next succeeding such action.

The executive committee shall fix its own rules of procedure, and shall meet where and as provided by such rules or by resolution of the Board of Directors, but in every case the presence of a majority of the total number of members of the executive committee shall be necessary to constitute a quorum. In every case, the affirmative vote of a quorum shall be necessary for the adoption of any resolution.

**Section 3.5. Executive Committee Vacancies.** The Board of Directors, by majority vote of the Board of Directors then in office, shall fill vacancies in the executive committee by election from the directors.

**Article IV**

**The Officers**

**Section 4.1. Number and Term of Office**. The officers of the Corporation shall consist of, as the Board of Directors may determine and appoint from time to time, a chief executive officer, a president, one or more executive vice-presidents, a secretary, a treasurer, a controller, and/or such other officers as may from time to time be elected or appointed by the Board of Directors, including such additional vice- presidents with such designations, if any, as may be determined by the Board of Directors and such assistant secretaries and assistant treasurers. In addition, the Board of Directors may elect a chairman of the Board and may also elect a vice-chairman as officers of the Corporation. Any two or more offices may be held by the same person. In its discretion, the Board of Directors may leave unfilled any office except as may be required by law.

The officers of the Corporation shall be elected or appointed from time to time by the Board of Directors. Each officer shall hold office until his successor shall have been duly elected or appointed or until his death or until he shall resign or shall have been removed by the Board of Directors.

Each of the salaried officers of the Corporation shall devote his entire time, skill and energy to the business of the Corporation, unless the contrary is expressly consented to by the Board of Directors or the executive committee.

**Section 4.2. Removal.** Any officer may be removed by the Board of Directors whenever, in its judgment, the best interests of the Corporation would be served thereby.

**Section 4.3. The Chairman of the Board.** The chairman of the Board, if any, shall preside at all meetings of stockholders and of the Board of Directors and shall have such other authority and perform such other duties as are prescribed by law, by these By-Laws and by the Board of Directors. The Board of Directors may designate the chairman of the Board as chief executive officer, in which case he shall have such authority and perform such duties as are prescribed by these By-Laws and the Board of Directors for the chief executive officer.

**Section 4.4. The Vice-Chairman.** The vice-chairman, if any, shall have such authority and perform such other duties as are prescribed by these By-Laws and by the Board of Directors. In the absence or inability to act of the chairman of the Board and the president, he shall preside at the meetings of the stockholders and of the Board of Directors and shall have and exercise all of the powers and duties of the chairman of the Board. The Board of Directors may designate the vice-chairman as chief executive officer, in which case he shall have such authority and perform such duties as are prescribed by these By-Laws and the Board of Directors for the chief executive officer.

**Section 4.5. The President.** The president shall have such authority and perform such duties as are prescribed by law, by these By-Laws, by the Board of Directors and by the chief executive officer (if the president is not the chief executive officer). The president, if there is no chairman of the Board, or in the absence or the inability to act of the chairman of the Board, shall preside at all meetings of stockholders and of the Board of Directors. Unless the Board of Directors designates the chairman of the Board or the vice-chairman as chief executive officer, the president shall be the chief executive officer, in which case he shall have such authority and perform such duties as are prescribed by these By-Laws and the Board of Directors for the chief executive officer.

**Section 4.6. The Chief Executive Officer.** Unless the Board of Directors designates the chairman of the Board or the vice-chairman as chief executive officer, the president shall be the chief executive officer. The chief executive officer of the Corporation shall have, subject to the supervision and direction of the Board of Directors, general supervision of the business, property and affairs of the Corporation, including the power to appoint and discharge agents and employees, and the powers vested in him by the Board of Directors, by law or by these By-Laws or which usually attach or pertain to such office.

**Section 4.7. The Executive Vice-Presidents.** In the absence of the chairman of the Board, if any, the president and the vice-chairman, if any, or in the event of their inability or refusal to act, the executive vice-president (or in the event there is more than one executive vice-president, the executive vice- presidents in the order designated, or in the absence of any designation, then in the order of their election) shall perform the duties of the chairman of the Board, of the president and of the vice-chairman, and when so acting, shall have all the powers of and be subject to all the restrictions upon the chairman of the Board, the president and the vice-chairman. Any executive vice-president may sign, with the secretary or an authorized assistant secretary, certificates for stock of the Corporation and shall perform such other duties as from time to time may be assigned to him by the chairman of the Board, the president, the vice-chairman, the Board of Directors or these By-Laws.

**Section 4.8. The Vice-Presidents.** The vice-presidents, if any, shall perform such duties as may be assigned to them from time to time by the chairman of the Board, the president, the vice-chairman, the Board of Directors, or these By-Laws.

**Section 4.9. The Treasurer.** Subject to the direction of chief executive officer and the Board of Directors, the treasurer shall have charge and custody of all the funds and securities of the Corporation; when necessary or proper he shall endorse for collection, or cause to be endorsed, on behalf of the Corporation, checks, notes and other obligations, and shall cause the deposit of the same to the credit of the Corporation in such bank or banks or depositary as the Board of Directors may designate or as the Board of Directors by resolution may authorize; he shall sign all receipts and vouchers for payments made to the Corporation other than routine receipts and vouchers, the signing of which he may delegate; he shall sign all checks made by the Corporation (provided, however, that the Board of Directors may authorize and prescribe by resolution the manner in which checks drawn on banks or depositories shall be signed, including the use of facsimile signatures, and the manner in which officers, agents or employees shall be authorized to sign); unless otherwise provided by resolution of the Board of Directors, he shall sign with an officer-director all bills of exchange and promissory notes of the Corporation; whenever required by the Board of Directors, he shall render a statement of his cash account; he shall enter regularly full and accurate account of the Corporation in books of the Corporation to be kept by him for that purpose; he shall, at all reasonable times, exhibit his books and accounts to any director of the Corporation upon application at his office during business hours; and he shall perform all acts incident to the position of treasurer. If required by the Board of Directors, the treasurer shall give a bond for the faithful discharge of his duties in such sum and with such sure ties as the Board of Directors may require.

**Section 4.10. The Secretary.** The secretary shall keep the minutes of all meetings of the Board of Directors, the minutes of all meetings of the stockholders and (unless otherwise directed by the Board of Directors) the minutes of all committees, in books provided for that purpose; he shall attend to the giving and serving of all notices of the Corporation; he may sign with an officer-director or any other duly authorized person, in the name of the Corporation, all contracts authorized by the Board of Directors or by the executive committee, and, when so ordered by the Board of Directors or the executive committee, he shall affix the seal of the Corporation thereto; he may sign with the president or an executive vice-president all certificates of shares of the capital stock; he shall have charge of the certificate books, transfer books and stock ledgers, and such other books and papers as the Board of Directors or the executive committee may direct, all of which shall, at all reasonable times, be open to the examination of any director, upon application at the secretary's office during business hours; and he shall in general perform all the duties incident to the office of the secretary, subject to the control of the chief executive officer and the Board of Directors.

**Section 4.11. The Controller.** The controller shall be the chief accounting officer of the Corporation. Subject to the supervision of the Board of Directors, the chief executive officer and the treasurer, the controller shall provide for and maintain adequate records of all assets, liabilities and transactions of the Corporation, shall see that accurate audits of the Corporation's affairs are currently and adequately made and shall perform such other duties as from time to time may be assigned to him.

**Section 4.12. The Assistant Treasurers and Assistant Secretaries.** The assistant treasurers shall respectively, if required by the Board of Directors, give bonds for the faithful discharge of their duties in such sums and with such sureties as the Board of Directors may determine. The assistant secretaries as thereunto authorized by the Board of Directors may sign with the chairman of the Board, the president, the vice-chairman or an executive vice-president, certificates for stock of the Corporation, the issue of which shall have been authorized by a resolution of the Board of Directors. The assistant treasurers and assistant secretaries, in general, shall perform such duties as shall be assigned to them by the treasurer or the secretary, respectively, or chief executive officer, the Board of Directors, or these By-Laws.

**Section 4.13. Salaries.** The salaries of the officers shall be fixed from time to time by the Board of Directors, and no officer shall be prevented from receiving such salary by reason of the fact that he is also a director of the Corporation.

**Section 4.14. Voting upon stocks.** Unless otherwise ordered by the Board of Directors or by the executive committee, any officer, director or any person or persons appointed in writing by any of them, shall have full power and authority in behalf of the Corporation to attend and to act and to vote at any meetings of stockholders of any corporation in which the Corporation may hold stock, and at any such meeting shall possess and may exercise any and all the rights and powers incident to the ownership of such stock, and which, as the owner thereof, the Corporation might have possessed and exercised if present. The Board of Directors may confer like powers upon any other person or persons.

**Article V**

**Contracts and Loans**

**Section 5.1. Contracts.** The Board of Directors may authorize any officer or officers, agent or agents, to enter into any contract or execute and deliver any instrument in the name of and on behalf of the Corporation, and such authority may be general or confined to specific instances.

**Section 5.2. Loans.** No loans shall be contracted on behalf of the Corporation and no evidences of indebtedness shall be issued in its name unless authorized by a resolution of the Board of Directors. Such authority may be general or confined to specific instances.

**Article VI**

**Certificates for Stock and Their Transfer**

**Section 6.1. Certificates for Stock.** Certificates representing stock of the Corporation shall be in such form as may be determined by the Board of Directors. Such certificates shall be signed by the chairman of the Board, the president, the vice-chairman or an executive vice-president and/or by the secretary or an authorized assistant secretary and shall be sealed with the seal of the Corporation. The seal may be a facsimile. If a stock certificate is countersigned (i) by a transfer agent other than the Corporation or its employee, or (ii) by a registrar other than the Corporation or its employee, any other signature on the certificate may be a facsimile. In the event that any officer, transfer agent or registrar who has signed or whose facsimile signature has been placed upon a certificate shall have ceased to be such officer, transfer agent, or registrar before such certificate is issued, it may be issued by the Corporation with the same effect as if he were such officer, transfer agent or registrar at the date of issue. All certificates for stock shall be consecutively numbered or otherwise identified. The name of the person to whom the shares of stock represented thereby are issued, with the number of shares of stock and date of issue, shall be entered on the books of the Corporation. All certificates surrendered to the Corporation for transfer shall be canceled and no new certificates shall be issued until the former certificate for a like number of shares of stock shall have been surrendered and canceled, except that, in the event of a lost, destroyed or mutilated certificate, a new one may be issued therefor upon such terms and indemnity to the Corporation as the Board of Directors may prescribe.

**Section 6.2. Transfers of Stock.** Transfers of stock of the Corporation shall be made only on the books of the Corporation by the holder of record thereof or by his legal representative, who shall furnish proper evidence of authority to transfer, or by his attorney thereunto authorized by power of attorney duly executed and filed with the secretary of the Corporation, and on surrender for cancellation of the certificate for such stock. The person in whose name stock stands on the books of the Corporation shall be deemed the owner thereof for all purposes as regards the Corporation.

**Article VII**

**Fiscal Year**

**Section 7.1. Fiscal Year.** The fiscal year of the Corporation shall begin on the first day of January in each year and end on the last day of December in each year.

**Article VIII**

**Seal**

**Section 8.1. Seal.** The Board of Directors shall approve a corporate seal which shall be in the form of a circle and shall have inscribed thereon the name of the Corporation.

**Article IX**

**Waiver of Notice**

**Section 9.1. Waiver of Notice.** Whenever any notice is required to be given under the provisions of these By-Laws or under the provisions of the Certificate of Incorporation or under the provisions of the corporation law of the state of incorporation, waiver thereof in writing, signed by the person or persons entitled to such notice, whether before or after the time stated therein, shall be deemed equivalent to the giving of such notice. Attendance of any person at a meeting for which any notice is required to be given under the provisions of these By-Laws, the Certificate of Incorporation or the corporation law of the state of incorporation shall constitute a waiver of notice of such meeting except when the person attends for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened.

**Article X**

**Amendments**

**Section 10.1. Amendments.** These By-Laws may be altered, amended or repealed and new By- Laws may be adopted at any meeting of the Board of Directors of the Corporation by the affirmative vote of a majority of the members of the Board, or by the affirmative vote of a majority of the outstanding capital stock of the Corporation (assessed upon the basis of votes and not on the basis of number of shares) entitled to vote generally in the election of directors, voting together as a single class.

**Article XI**

**Indemnification**

**Section 11.1. Indemnification.** The Corporation shall indemnify its officers, directors, employees and agents to the fullest extent permitted by the General Corporation Law of North Carolina, as amended from time to time.

The above By-Laws are certified to have been adopted by the Board of Directors of the Corporation on the 12th day of August 2023.

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| | |
|:---|:---|
| **SHEFFORD & COMPANIES, INC.** | */s/ Jonathan Cross*<br> Chairman |

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## Exhibit 3.3

**EXHIBIT 3.3**

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| | |
|:---|:---|
| **State of North Carolina**<br> **Department of the Secretary of State** | **SOSID: 2686577**<br> **Date Filed: 5/28/2025 12:52:00 PM**<br> **Elaine F. Marshall**<br> **North Carolina Secretary of State**<br> **C2025 132 01798** |

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**ARTICLESOF AMENDMENT**

**BUSINESS CORPORATION**

Pursuant to §55-10-06 of the General Statutes of North Carolina, the undersigned corporation hereby submits the following Articles of Amendment for the purpose of amending its Articles of lncorporation.

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| | | |
|:---|:---|:---|
| 1. | The name of the corporation is:  | Shefford & Companies, Inc. |
| 2. | The text and adoption date of each amendment adopted is as follows | The text and adoption date of each amendment adopted is as follows |
|  | *(State below or attach):* | *(State below or attach):* |
|  | Name change from Shefford & Companies, Inc. to Shefford Companies, Inc. Date amendment was adopted 5/12/2025 | Name change from Shefford & Companies, Inc. to Shefford Companies, Inc. Date amendment was adopted 5/12/2025 |

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BUSINESS REGISTRATION DIVISION P.O. BOX 29622 RALEIGH, NC 27626-0622 <br> *(Revised July 2017)* *(Form B-02)*

**ARTICLES OF AMENDMENT**

Page2

3. If an amendment provides for an exchange, reclassification, or cancellation of issued shares, provisions for implementing the amendment, if not contained in the amendment itself, are as follows:

**N/A**

4. (Check either a, b, c, or d, whichever is applicable)

a. <u>☐</u> The amendment(s) was (were) duly adopted by the incorporators prior to the issuance of shares.

b. <u>☐</u> The amendment(s) was (were) duly adopted by the board of directors prior to the issuance of shares.

c. <u>☐</u> The amendment(s) was (were) duly adopted by the board of directors without shareholder action as shareholder action was not required because *(set forth a brief explanation of why shareholder action was not required.)* 

d. <u>☐</u> The amendment(s) was (were) approved by shareholder action, and such shareholder approval was obtained as required by Chapter 55 of the North Carolina General Statutes.

5. These articles will be effective upon filing, unless a delayed time and date is specified:

This the 12 day of May, 2025

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| |
|:---|
| Shefford & Companies, Inc. |
| Name of Corporation |
| Jonathan Cross |
| Signature |
| Jonathan Cross - Chairman |
| Type or Print Name and Title |

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NOTES:

1. Filing fee is $50. This document must be filed with the Secretary of State.

BUSINESS REGISTRATION DIVISION P.O. BOX 29622 RALEIGH, NC 27626-0622 <br> *(Revised July 2017)* *(Form B-02)*