VirExit Technologies Inc (VXIT)

[beer$$money]

$VXIT would need to completely refile the REG A to Rasie $5 million by pricing the shares lower at .0001. Since we are both sure this isn't our first REG A offering we know that is not going to happen!

Quote: "Sure, they could be priced lower. Not uncommon."

That number of shares in the REG A (2,500,000,000) is the largest number needed to raise the $5 million and they would need to be sold at .002 to accomplish that. These PRELIMINARY OFFERING CIRCULARS when filed cannot increase the number of shares offered in the future and your suggestion (priced lower) would require 5 billion shares to raise $5 million. Issuers can however decrease the number sold by pricing the securities higher after qualification.

Does the issuer intend to price this offering after qualification pursuant to Rule 253(b)? X YES


Can an offering circular supplement be used to increase the volume of shares?

An offering circular supplement may not be used to increase the volume of securities being offered.
Additional securities may only be offered pursuant to a new offering statement or post-qualification amendment qualified by the Commission. (c) Filing of omitted information.

§ 230.253 Offering circular.
https://www.ecfr.gov/current/title-17/chapter-II/part-230/subject-group-ECFR68d879261fb42fb/section-230.253

Offering circular supplements.
Does the issuer intend to price this offering after qualification pursuant to Rule 253(b)? X YES

(1) An offering circular that discloses information previously omitted from the offering circular in reliance upon Rule 253(b) (§ 230.253(b)) must be filed with the Commission no later than two business days following the earlier of the date of determination of the offering price or the date such offering circular is first used after qualification in connection with a public offering or sale.