Replies to post #114653 on Crednology Holding Corp (fka COHO)

[sam1933]

Q- where the proceeds went after selling off the part of the company?

[Don]

PROSPECTUS

Palisades Venture, Inc.
25,000,000 Shares of Common Stock

All of the shares of Palisades Venture, Inc. (the “Company" or “Palisades”) offered hereby are being offered by CorpTech Holding, Inc. CorpTech Holding, Inc., the selling shareholder, owns 25,000,000 shares of the common stock of Palisades Venture, Inc., a Wyoming Corporation. CorpTech Holding, Inc. will distribute to its shareholders approximately 25,000,000 shares of its Palisades common stock (see “The Distribution”). The distribution will be made to holders of record of CorpTech Holding, Inc. common stock as of the close of business on February 7, 2024, on the basis of one share of Palisades’ common stock for each one hundred and twenty (120) shares of CorpTech Holding, Inc. common stock held. The 25,000,000 shares of the common stock distributed to CorpTech Holding, Inc. shareholders will represent approximately 25% of all the issued and outstanding shares of the common stock of the Company. CorpTech Holding, Inc. acquired 25,000,000 shares of the common stock of Palisades on July 27, 2021, as part of that certain Asset Purchase Agreement by and between the Company and CorpTech Holding, Inc.; wherein, the Company acquired all the assets and rights to the Landmark PMG LLC, (d/b/a 4Service Cloud Tech) business for 25,000,000 shares of common stock and a $300,000 promissory note (Exhibit 10.1).