Chartmaster
3日前
Alaska Pacific Energy Corp. Announces Corporate Name Change to AI Music Distribution Inc., New Ticker Symbol “AIZZ,” and 1-for-1,000 Reverse Stock Split
[Miami, FL] — June 23, 2026 — Alaska Pacific Energy Corp. (the “Company”) today announced that the Financial Industry Regulatory Authority (FINRA) has processed the Company’s corporate action pursuant to FINRA Rule 6490, with a market effective date of June 24, 2026. The action was published on the FINRA Daily List on June 23, 2026, and encompasses a corporate name change, a trading symbol change, a reverse stock split, and a corresponding change to the Company’s CUSIP number.
These actions are intended to better position the Company for future growth, simplify its capital structure, and reflect its strategic transition into the artificial intelligence–powered music distribution business.
Details of the Corporate Action
Corporate Name Change: The Company’s name will change from Alaska Pacific Energy Corp. to AI Music Distribution Inc.
Trading Symbol Change: Following the action, the Company’s common stock will trade under the new ticker symbol “AIZZ.”
Reverse Stock Split: A 1-for-1,000 reverse stock split of the Company’s common stock will become effective at the open of trading on June 24, 2026. All fractional shares resulting from the split will be rounded up to the nearest whole share, and no shareholder will be cashed out as a result.
Share Structure: As a result of the reverse split, total shares outstanding will be reduced from a pre-split total of 8,562,076,629 shares to a post-split total of approximately 8,562,076 shares.
New CUSIP Number: Following the reverse split, the Company’s common stock will trade under a new CUSIP number, 011758604.
Current CUSIP Number: The current CUSIP number, 011758406, will be suspended upon market effectiveness.
Temporary Ticker Designation: In accordance with FINRA policies, the letter “D” will be appended to the Company’s new ticker symbol for a period of approximately 20 business days following the effective date, after which the symbol will revert to “AIZZ.”
Corporate Action Summary
Item Detail
New Company Name AI Music Distribution Inc.
New Ticker Symbol AIZZ
Corporate Action 1-for-1,000 reverse stock split
Pre-Split Shares Outstanding 8,562,076,629
Post-Split Shares Outstanding 8,562,076
New CUSIP 011758604
Current CUSIP 011758406 (suspended upon market effectiveness)
Daily List Announcement Date June 23, 2026
Market Effective Date June 24, 2026
Action Required by Shareholders
No action is required by existing shareholders with respect to the reverse stock split, corporate name change, or ticker symbol change. The Company’s transfer agent will handle all necessary adjustments to shareholder accounts.
About AI Music Distribution Inc.
AIMusicDistribution.com is a professional music distribution platform built for independent artists, record labels, managers, and catalog owners. The platform enables creators to distribute music to more than 120 streaming and download services worldwide — including Spotify, Apple Music, TikTok, Amazon Music, and YouTube Music — while maintaining full ownership of their content and avoiding upfront distribution fees. Releases can go live within as little as 24 hours, depending on individual platform processing timelines, providing artists with speed-to-market capabilities that support both new releases and catalog monetization strategies.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements involve risks and uncertainties that may cause actual results to differ materially. Alaska Pacific Energy Corp. undertakes no obligation to update forward-looking statements except as required by law.
Non-Legal Advice Disclosure
This press release does not constitute legal advice. Readers should consult with legal counsel regarding any legal matters related to the content herein. Non-
Investment Advice Disclosure
This communication is for informational purposes only and does not constitute a recommendation or solicitation to buy or sell any securities or investment products. Investors should seek advice from a qualified financial professional before making any investment decisions
Chartmaster
3週前
Joint Public Disclosure: Issuers Irrevocably Consent to Assignment of Section 3(a)(10) Hybrid Convertible Note Obligations to NOCH STRUCTURED CAPITAL FT — Compartment "Hybrid Notes 1"
Officer/Director/Affiliate Stock Transactions
OTC Disclosure & News Service | 06/03/2026
For Immediate Release
OTC: SONG OTC: ASKE OTC: AGCZ OTC: BCAP OTC: HYGN
Joint Press Release — June 3, 2026
Joint Public Disclosure: Issuers Irrevocably Consent to Assignment of Section 3(a)(10) Hybrid Convertible Note Obligations to NOCH STRUCTURED CAPITAL FT — Compartment "Hybrid Notes 1"
June 3, 2026 — Music Licensing, Inc. (OTC: SONG), Alaska Pacific Energy Corp. (OTC: ASKE), Andes Gold Corp. (OTC: AGCZ), Baron Capital Entreprise Inc. (OTC: BCAP), and Hydrogenetics Inc. (OTC: HYGN) (collectively, the "Issuers") hereby make the following joint public disclosure for the benefit of their respective shareholders, the investing public, and applicable markets.
Each Issuer hereby discloses and confirms that it has irrevocably consented to the assignment by Jake P. Noch Family Office, LLC. (Saint Kitts & Nevis) (the "Noteholder") of the specified portion of the outstanding obligations owed by such Issuer to the Noteholder under its respective active Section 3(a)(10) hybrid convertible note arrangement. Following such assignment, the specified portions of each Issuer's obligations described herein are owed to, and shall be satisfied in favor of, NOCH STRUCTURED CAPITAL FT — Compartment "Hybrid Notes 1" (R.C.S. Luxembourg: O155) (the "Assignee"), as the Noteholder's irrevocable assignee, in accordance with the terms of the Transaction Documents executed on June 3, 2026.
Issuer Obligations & Irrevocable Consent to Assignment
1.
Existence of Obligations. Each Issuer is, and at the time of the assignment was, party to an active and ongoing Section 3(a)(10) hybrid convertible note arrangement under which monetary and conversion obligations are owed to the Noteholder. The aggregate outstanding value of the arrangements across all five Issuers well exceeds USD 119,000,000.00.
2.
Irrevocable Consent to Assignment. Each Issuer has irrevocably consented to the Noteholder's assignment to the Assignee of the specified portion of the obligations owed by such Issuer, together with all rights, entitlements, and associated costs of realization attributable to such portion, including without limitation conversion costs, transaction expenses, and all other direct and indirect costs incurred in realizing proceeds under such Issuer's arrangement. Such consent is binding, unconditional, and irrevocable.
3.
Obligations Now Owed to Assignee. Each Issuer acknowledges and confirms that, with respect to the assigned portions set forth below, the obligations are now owed to and shall be discharged in favor of NOCH STRUCTURED CAPITAL FT — Compartment "Hybrid Notes 1" as Assignee, and not the Noteholder, to the extent of such assigned portions:
Issuer Ticker ISIN Amount Owed & Assigned
Music Licensing, Inc. SONG US67075W5040 USD 47,000,000.00
Andes Gold Corp. AGCZ US0341972026 USD 18,000,000.00
Alaska Pacific Energy Corp. ASKE US0117584062 USD 18,000,000.00
Baron Capital Entreprise Inc. BCAP US06827T1043 USD 18,000,000.00
Hydrogenetics Inc. HYGN US4488801048 USD 18,000,000.00
Total Assigned to Assignee USD 119,000,000.00
4.
Partial Assignment — Obligations Remain Outstanding. The assignments described herein are partial only. Each Issuer's underlying Section 3(a)(10) obligation to the Noteholder remains active, ongoing, and in full force and effect with respect to all amounts not expressly assigned herein. Nothing in this disclosure constitutes or shall be construed as a discharge, novation, release, or satisfaction of any Issuer's obligations in excess of the assigned portions.
5.
Irrevocable Consent to Compounding Interest Accrual. As a material inducement and agreed economic term of the assignment, each Issuer has irrevocably consented to the accrual and monthly compounding of interest at a rate of 200 basis points (2.00%) per month on all unrealized balances outstanding under their respective assigned obligations. Such interest accrues on any portion of the assigned obligations not yet converted into free-trading equity shares and realized as proceeds, compounds monthly, and constitutes an agreed cost of realization running against each Issuer's obligations for the benefit of the Assignee. Each Issuer's consent to this compounding accrual is binding, unconditional, and irrevocable.
Each Issuer expressly acknowledges that the 200 basis point monthly compounding interest accrual was consented to as a sweetener to facilitate and induce the Noteholder's assignment of the note obligations to the Assignee, and that such term is a binding economic condition of each Issuer's acknowledgment of the Transaction.
6.
Valuation Basis. The net value of each Issuer's assigned obligations is determined solely by reference to proceeds actually realized from the liquidation of free-trading equity shares issued pursuant to the applicable Section 3(a)(10) arrangement, less all costs of realization including the compounding interest accrual described herein. Such valuation is not based upon, pegged to, or otherwise determined by the prevailing trading price or market capitalization of any Issuer's securities at any time.
This joint disclosure is made by each Issuer solely in its capacity as an obligor under the relevant arrangement, for the purpose of public transparency to its shareholders and applicable markets regarding the existence, assignment, and ongoing nature of the obligations described herein.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. These forward-looking statements are made on behalf of all parties named in this press release, including Music Licensing, Inc., Alaska Pacific Energy Corp., Andes Gold Corp., Baron Capital Entreprise Inc., Hydrogenetics Inc., and Jake P. Noch Family Office, LLC. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including without limitation the ability of Music Licensing, Inc. and Pro Music Rights, Inc. to accomplish their stated plan of business. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by any named party or any other person that the objectives and plans of the named parties will be achieved. There can be no assurance that the forward-looking statements included in this press release will prove to be accurate. All named parties undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Non-Legal Advice Disclosure
This press release does not constitute legal advice. All parties named herein and all readers of this press release are advised to seek independent legal counsel for any legal matters or questions arising from or related to the content herein, including without limitation matters involving securities law, assignment of obligations, structured finance arrangements, and any other legal issues related to the transactions described.
Non-Investment Advice Disclosure
This communication is intended solely for informational and disclosure purposes and does not in any way imply or constitute a recommendation, solicitation, or offer for the purchase or sale of any securities, commodities, bonds, options, derivatives, or any other investment products with respect to any of the named parties, including Music Licensing, Inc. (OTC: SONG), Alaska Pacific Energy Corp. (OTC: ASKE), Andes Gold Corp. (OTC: AGCZ), Baron Capital Entreprise Inc. (OTC: BCAP), Hydrogenetics Inc. (OTC: HYGN), or Jake P. Noch Family Office, LLC. Any investment decisions should be made only after thorough independent research and consultation with a qualified financial advisor or investment professional. All named parties, together with their respective officers, directors, managers, and affiliates, expressly disclaim and assume no liability for any actions taken or not taken in reliance upon the information provided in this communication.
Chartmaster
1月前
Alaska Pacific Energy Corp. (OTCID: ASKE) Reports Continued Platform Growth at AIMusicDistribution.com, Surpassing 410 Albums, 900 Singles, 3,200 Tracks, and 901 Active Users; Company Advances Name Change to AI Music Distribution, Inc. and Initiates Form 15c2-11 Filing Process to Restore Proprietary Quotation Eligibility
Press Release
OTC Disclosure & News Service | 05/14/2026
MIAMI, FL — May 14, 2026** — Alaska Pacific Energy Corp. (OTCID: ASKE) (the "Company") today announced that AIMusicDistribution.com, its technology-driven digital music distribution platform, has achieved a new series of operational milestones reflecting continued growth and increasing adoption across the independent music community. The platform has now distributed more than 410 albums, over 900 singles, and in excess of 3,200 individual tracks, while surpassing 901 active users.
Platform Growth Highlights
AIMusicDistribution.com continues to demonstrate meaningful traction among independent artists, labels, and catalog owners seeking broad global reach without surrendering ownership rights or incurring traditional upfront distribution costs. The platform's current catalog and user metrics reflect rapid, organic growth across all key operational benchmarks:
- **410+ Albums** distributed across major and independent streaming platforms
- **900+ Singles** delivered to more than 120 global streaming and download destinations
- **3,200+ Individual Tracks** distributed worldwide, including Spotify, Apple Music, TikTok, YouTube Music, and Amazon Music
- **901+ Active Users** onboarded to the platform
These results build upon the momentum previously reported in May 2026, when the Company announced surpassing 200 albums, 500 singles, 2,000 tracks, and 500 active users — itself a significant progression from the 200 active users and approximately 1,000 distributed tracks reported in late April 2026. The consistency and pace of this growth, achieved without meaningful paid marketing expenditure, reflects strong organic demand for the platform's value proposition.
# About AIMusicDistribution.com
AIMusicDistribution.com is a professional music distribution platform built for independent artists, record labels, managers, and catalog owners. The platform enables creators to distribute music to more than 120 streaming and download services worldwide — including Spotify, Apple Music, TikTok, Amazon Music, and YouTube Music — while maintaining full ownership of their content and avoiding upfront distribution fees. Releases can go live within as little as 24 hours, depending on individual platform processing timelines, providing artists with speed-to-market capabilities that support both new releases and catalog monetization strategies.
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Name Change: Alaska Pacific Energy Corp. to AI Music Distribution, Inc.
The Company wishes to inform shareholders and market participants that it has commenced the formal process of filing a name change request with the Financial Industry Regulatory Authority (FINRA) to change the Company's legal name from Alaska Pacific Energy Corp. to **AI Music Distribution, Inc.** This name change reflects the Company's strategic transformation and its primary focus on building AIMusicDistribution.com into a leading independent music distribution infrastructure platform.
The name change process is being conducted in accordance with FINRA Rule 6490 and applicable state corporate law requirements, and requires coordination with FINRA's Corporate Actions Portal, the Company's transfer agent, and CUSIP Global Services, among other parties. The Company anticipates that the name change, once finalized, will be reflected across OTC Markets Group's platforms and the Company's OTC trading symbol. Shareholders will be provided with a further update as the process advances toward completion.
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Form 15c2-11 Filing: Restoring Proprietary Quotation Eligibility
The Company also wishes to update shareholders regarding steps being taken to restore proprietary quotation eligibility for the Company's common stock. The Company is currently working with its sponsoring Market Maker to prepare and file a new Form 211 application with FINRA in compliance with SEC Rule 15c2-11 under the Securities Exchange Act of 1934.
Rule 15c2-11 governs the conditions under which a broker-dealer may initiate or resume the publication of quotations for an OTC-quoted security. Under the rule and FINRA Rule 6432, a sponsoring market maker must conduct a thorough review of the Company's current business, financial condition, management, and public disclosures, and submit a completed Form 211 application through the FINRA Gateway platform prior to the resumption of public quotations. Once the Form 211 is reviewed and cleared by FINRA, other market makers may publish quotations in the Company's common stock under the piggyback exception available under Rule 15c2-11.
The Company is actively engaged in this process and is coordinating with its Market Maker to ensure that all required documentation, disclosures, and supporting materials are assembled and submitted in an accurate and timely manner. The Company will provide shareholders with further updates as material developments occur.
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Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events or the Company's future performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from any future results, performances, or achievements expressed or implied by the forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.