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NOTE 4 – COMMON STOCK
 12 Months Ended
Sep. 30, 2021
Equity [Abstract]  
NOTE 4 – COMMON STOCK

NOTE 4 – COMMON STOCK

 

On September 23, 2014, the Company issued 4,000,000 shares of common stock for a purchase price of $0.001 per share to its sole Director. The Company received aggregate gross proceeds of $4,000.

 

On September 2, 2015, the Company issued 1,000,000 shares of common stock for a purchase price of $0.04 to 30 independent investors pursuant to an offering on Registration Statement on Form S-1. The Company received proceeds of $40,000.

 

On October 31, 2020, the Company issued 70,000,000 shares of Common Stock to Friction & Heat LLC; Joseph Passalaqua as Managing Member, in exchange for debt in the amount of $2,000 paid to the Company’s Transfer Agent.

 

On February 25, 2021, the Company filed a Certificate of Amendment through which the par value has been changed from $0.001 to $0.0001. This change in par value has been applied retroactively in the financial statements presented for the year ended September 30, 2020 and September 30, 2019. The Company changed the par value to increase the possibility of attracting a merger candidate.

 

Through this amendment (effective February 25, 2021) Company also increased the authorized shares from 75,000,000 to 300,000,000, of which 290,000,000 will be Common Stock with a par value of $0.0001 and 10,000,000 will be Blank Check Preferred Stock with a par value of $0.0001. Before this amendment, Company did not have any authorized Preferred Stock.

 

As of the year ended September 30, 2020, the Company had 75,000,000 shares of Common Stock Authorized and 5,000,000 shares of Common Stock Issued and Outstanding.

 

As of the year ended September 30, 2021, the Company had 290,000,000 shares of Common Stock Authorized and 75,000,000 shares of Common Stock Issued and Outstanding.

 

As of the year ended September 30, 2021, the Company had 10,000,000 shares of Blank Check Preferred Stock Authorized and 0 Issued and Outstanding.