EQUITY

12 Months Ended

Jul. 31, 2025

EQUITY

EQUITY

NOTE 6 - EQUITY

Authorized Preferred Stock

The Company has authorized 10,000,000 shares of preferred stock at par value of $0.001 per share.

Series A Preferred stock

The Company has designated 100,000 shares of preferred stock at par value of $0.001 per share.

	·	The Series A Preferred Shares share in any dividends pari passu with the holders of common stock;

	·	The Series A Preferred Shares have a liquidation preference equal to $10.00 per share;

	·	Each share of Series A Preferred Stock entitles the holder to 10 votes on any matter presented to the holders of the Common Stock:

	·	The Series A Preferred Shares have the right to convert into shares of Common Stock at a 25% discount to the next financing of $1,000,000 or more, subject to adjustment for stock splits or combinations, dividends and distributions of Common Shares, reorganizations, mergers or consolidations, or for issuance of shares of common stock below the conversion price:

	·	The Company has no right to redeem the shares; and

As of July 31, 2025 and 2024, the Company had 100,000 shares of preferred stock issued and outstanding.

Authorized Common Stock

The Company has authorized 300,000,000 shares of common stock at par value of $0.001 per share. Each share of common stock entitles the holder to one vote on any matter on which action of the stockholders of the corporation is sought.

During the years ended July 31, 2025, and 2024, the Company issued 4,290,000 share and 11,400,000 shares for the settlement of due to a related party of $1,716,000 and $2,850,000, respectively.

As of July 31, 2025 and 2024, the Company had no options and warrants outstanding.

As of July 31, 2025 and 2024, the Company had 16,276,686 shares and 11,986,686 shares of common stock issued and outstanding, respectively.

Dividend

During the year ended July 31, 2025, the Company approved dividend of $2,374,896 and settled dividend of $2,339,273 with stockholders. As of July 31, 2025, the unpaid dividend was $35,623.

- Definition

The entire disclosure for equity.

+ References

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+ Details

My City Builders, Inc. 10-K