ProTek Capital Inc (PRPM)

[Nando]

Protek Capital Inc. is now a subsidiary of Paragon Square Inc.
July 29, 2024


Protek Capital Inc. trading under Ticker symbol PRPM on the OTC Markets is now a subsidiary of Paragon Square Inc. a private company specializing in goods and services Marketplace applications.

This transaction was paid for using Paragon Square Inc Preferred D shares with the following terms:

A. The shares have no Voting Rights

B. The shares are not Convertible

C. The shares have a first rights buyout by Paragon Square Inc. for 2.00 per share.

D. The shares hold a 3% revenue dividend from Paragon Square Inc

E. The shares are transferable

F. In the event of a liquidation by Paragon Square Inc. Preferred

D holders are entitled to 5% of the liquidation

Also, Paragon Square Inc. Transferred a digital Asset to Protek Capital Inc. 100,000,000 SQD Tokens.

Ultimately this transaction calls for no Reverse Split, no name change, and no changes to Protek Capital Inc. share structure.

The goal of Protek Capital Inc. is now to become current and SEC Reporting. The company has no plans of dealing with FINRA for a reverse Split. We plan on cleaning up the share structure over time as the nature of the Preferred D is meant to jump start financing for Protek Capital Inc.