Securetech Innovations Reports Unregistered Equity Sales
Ticker: SCTH · Form: 8-K · Filed: Feb 6, 2024 · CIK: 1703157
| Field | Detail |
|---|---|
| Company | Securetech Innovations, Inc. (SCTH) |
| Form Type | 8-K |
| Filed Date | Feb 6, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | bearish |
Complexity: simple
Sentiment: bearish
Topics: equity-sales, dilution, unregistered-securities
TL;DR
**Securetech Innovations just sold new shares privately, which could dilute your stock.**
AI Summary
On February 1, 2024, Securetech Innovations, Inc. (CIK: 0001703157) filed an 8-K report disclosing unregistered sales of equity securities. This means the company issued new shares without a public offering, likely to specific investors. For current or potential shareholders, this could signal dilution of existing shares, potentially impacting share price and ownership percentage.
Why It Matters
Unregistered sales of equity securities can dilute the value of existing shares, as more shares are now outstanding, potentially impacting the stock price negatively.
Risk Assessment
Risk Level: medium — The issuance of unregistered equity securities can lead to share dilution, which is a moderate risk for existing shareholders.
Analyst Insight
A smart investor would investigate the details of these unregistered sales, such as the number of shares issued and the price per share, to assess the potential dilution and its impact on their investment.
Key Players & Entities
- Securetech Innovations, Inc. (company) — the registrant filing the 8-K
- February 1, 2024 (date) — date of the earliest event reported in the 8-K
- 0001703157 (company) — Central Index Key (CIK) for Securetech Innovations, Inc.
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 1, 2024.
What specific item information was reported in this 8-K?
The specific item information reported was 'Unregistered Sales of Equity Securities'.
What is the full legal name of the company filing this 8-K?
The exact name of the registrant as specified in its charter is SecureTech Innovations, Inc.
What is the company's Central Index Key (CIK)?
The company's Central Index Key (CIK) is 0001703157.
Where is Securetech Innovations, Inc.'s principal executive office located?
Securetech Innovations, Inc.'s principal executive office is located at 2355 Highway 36 West, Suite 400, Roseville, MN 55113.
Filing Stats: 665 words · 3 min read · ~2 pages · Grade level 13.6 · Accepted 2024-02-06 11:09:53
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value SCTH OTC Pink Tier Indicat
Filing Documents
- scth_form8k02012024.htm (8-K) — 29KB
- 0001017386-24-000015.txt ( ) — 194KB
- scth-20240201.xsd (EX-101.SCH) — 3KB
- scth-20240201_lab.xml (EX-101.LAB) — 33KB
- scth-20240201_pre.xml (EX-101.PRE) — 22KB
- scth_form8k02012024_htm.xml (XML) — 3KB
Forward-Looking Statements
Forward-Looking Statements This Form 8-K and other reports filed by the Registrant from time to time with the Securities and Exchange Commission (collectively, " Filings ") contain or may contain forward-looking statements and information that are based upon beliefs of, and information currently available to, our management as well as estimates and assumptions made by our management. When used in the filings, the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan," or the negative of these terms and similar expressions identify forward-looking statements as they relate to our business or our management. Such statements reflect management's current view of our business with respect to future events and are subject to risks, uncertainties, assumptions, and other factors (including the risks contained in the section of our Annual Report filed on Form 10-K entitled "Risk Factors") relating to our industry, operations, and results of operations, and other relevant aspects of our business. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements contained within this Form 8-K and elsewhere.
02
Item 3.02 Unregistered Sales of Equity Securities On February 1, 2024, SecureTech Innovations, Inc. (" SecureTech ") Board of Directors canceled 100,000 shares of its outstanding common stock, $0.001 par value, held by one shareholder. These shares were canceled pursuant to SecureTech's ongoing Share Reduction Plan. As of February 5, 2024, SecureTech had 77,966,881 shares of its common stock issued and outstanding.
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. Dated: February 5, 2024 By: SECURETECH INNOVATIONS, INC. /s/ Kao Lee President, Chief Executive Officer, Principal Executive Officer, and Director 2