CoJax Oil & Gas Reports Unregistered Equity Sales
Ticker: CJAX · Form: 8-K · Filed: Jun 6, 2024 · CIK: 1763925
Sentiment: neutral
Topics: equity-sale, unregistered-securities, oil-gas
TL;DR
CoJax sold unregistered stock on 5/31. Watch for dilution.
AI Summary
CoJax Oil & Gas Corporation filed an 8-K on June 6, 2024, reporting unregistered sales of equity securities that occurred on May 31, 2024. The filing details the company's incorporation in Virginia and provides contact information for its principal executive offices in Shreveport, Louisiana.
Why It Matters
This filing indicates CoJax Oil & Gas Corp has issued equity securities without prior registration, which could impact existing shareholders and regulatory scrutiny.
Risk Assessment
Risk Level: medium — Unregistered sales of equity securities can signal financial distress or a need for capital, potentially leading to dilution for existing shareholders.
Key Players & Entities
- CoJax Oil & Gas Corporation (company) — Registrant
- Virginia (jurisdiction) — State of Incorporation
- May 31, 2024 (date) — Date of earliest event reported
- June 6, 2024 (date) — Date of Report
- Shreveport, LA (location) — Principal Executive Offices
FAQ
What type of securities were sold in the unregistered offering?
The filing states 'Unregistered Sales of Equity Securities' but does not specify the exact type of equity securities sold.
Were these sales part of a private placement or another exemption from registration?
The filing is an 8-K reporting 'Unregistered Sales of Equity Securities' and does not explicitly detail the exemption used, but implies it was not a registered offering.
What is the significance of the date May 31, 2024, in this filing?
May 31, 2024, is the date of the earliest event reported, which is the unregistered sale of equity securities.
What is CoJax Oil & Gas Corporation's principal business?
CoJax Oil & Gas Corporation is in the Crude Petroleum & Natural Gas industry, SIC code 1311.
Where are CoJax Oil & Gas Corporation's principal executive offices located?
The principal executive offices are located at 4830 Line Ave., #152 Shreveport, LA 71106.
Filing Stats: 519 words · 2 min read · ~2 pages · Grade level 12.8 · Accepted 2024-06-06 07:03:07
Key Financial Figures
- $0.01 — ce of 1,320,755 shares of common stock, $0.01 par value per share, valued at $2.12 pe
- $2.12 — k, $0.01 par value per share, valued at $2.12 per share (the "Shares"), to Liberty Op
Filing Documents
- g084275_8k.htm (8-K) — 31KB
- 0001753926-24-001084.txt ( ) — 197KB
- cjax-20240606.xsd (EX-101.SCH) — 3KB
- cjax-20240606_lab.xml (EX-101.LAB) — 33KB
- cjax-20240606_pre.xml (EX-101.PRE) — 22KB
- g084275_8k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COJAX OIL AND GAS CORPORATION Date: June 6, 2024 By: /s/ William R. Downs William R. Downs Chief Executive Officer