Accredited Solutions Inc (ASII)

[tarson]

150M is the AS

100M are being granted to PXS - the company that is being acquired.

On May 11, 2022, the parties closed the Merger Agreement and (i) filed Articles of Merger merging the Merger Sub with and into PXS; (ii) each share of PXS was converted into the right to receive shares of Company common stock on a 10-for-1 basis, with PXS’s outstanding 10,000,000 shares of common stock pre-merger converted into the right to receive 100,000,000 shares of Company common stock in the merger; (iii) the Company issued 20,000,000 shares of common stock to PXS’s pre-merger shareholders, with an additional 80,000,000 shares issuable to the pre-merger shareholders of PXS in the future; and (iv) PXS became a wholly-owned subsidiary of the Company.

https://www.otcmarkets.com/filing/html?id=15824647&guid=lxKwkqHKGkcjdth