regulatory
confidence high
sentiment negative
materiality 0.65
Redox International discloses share pricing error, Regulation S violations, and board changes
Redox International Group, Corp.
- Issued 50,850,000 shares to service providers at $0.002/shr; initially reported $0.20 to transfer agent, now corrected.
- Affiliates sold 1,725,000 restricted shares before 1-year compliance period; company acknowledges potential Sec. 5 violation.
- Director Dr. Han-Wen Ou resigned March 6, 2025, remains CEO; appointed Mr. Hsun-Chih Lee as sole director.
- Related party advances: Dr. Ou $103,078 and Mr. Lee $94,194 for working capital; no interest, unsecured.
- Board authorized rescission offers (none accepted) and compliance review after July 7, 2025 resolution.
item 3.02item 5.02item 8.01