Majority shareholder sells 4.76M shares for $12.98M; pro forma shows net loss of $954K for FY2022

FLYWHEEL ADVANCED TECHNOLOGY, INC.

Sparta sold 4,764,547 shares for $12,975,348 from May 3-18, 2023; ownership fell from 54.75% to 38.64%.
Pro forma net loss for year ended Sep 30, 2022: $953,914; for three months ended Dec 31, 2022: $953,169.
Acquisition of QBS System closed via 8,939,600 shares valued at $2,950,068; goodwill of $2,063,075 recorded.
Additional 2,900,000 shares issued to settle advisory fees, valued at $0.33 per share.

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