The recent PPJE filings that brought the company current were probably required before this share offering could be made.
The next step will probably be to complete the 1:1000 reverse split that was announced in the Amendment filed in Florida in February, but Basu may have to refile the amendment before that can happen because Florida law appears to require that the reverse (share combination) be made within 90 days of the filing:
Subsection (f) probably means that the reverse can happen only after the shareholders are notified, and that must happen within 30 days of the filing.
Of course, my interpretation could be incorrect, and it's possible that PPJE won't have to refile the amendment. If that's the case, then the 1:1,000 reverse split could happen at any time.