Doesn't anyone know how to read? It was done for the intent to redomicile WHICH WAS CANCELLED.
We had initially authorized 100 quadrillion (a stupendously large number, as you could imagine). What possible reason did we have for this? We were initially going to redomicile $SONG from the state of Nevada to St. Kitts & Nevis. Unlike the state of Nevada, St. Kitts & Nevis does not charge you for the number of outstanding shares. So, we inquired if we could have an unlimited number of shares, as many Canadian issuers do. We were told that we couldn't authorize unlimited shares; however, there was no limit to the number of shares that we could authorize. Therefore, we arbitrarily selected a hundred quadrillion shares so that wouldn't need to hire lawyers in St. Kitts & Nevis to modify it later.
However, we ended up not going forward with the redomicile to St. Kitts & Nevis, and we never proceeded with having 100 quadrillion shares authorized. Nevertheless, because that decision was made during Q3 2023, we were still required to disclose it in our SEC filings and financial statements. Anyone can check the state of Nevada's website to see that there are only 2 billion shares currently authorized.
News 
Market Data 
Discover 
