Barrel Energy Inc (ID)【BRLL】株式ニュース

A lot of background info in this Form 10-12G filed today: new info on the management team, and Board of Directors.
Also this stood out, the securities issued during the past year, since the new management took over. I'm still looking it over, but these things stood out so far from the document.
-N

Item 10. Recent Sales of Unregistered Securities
During the period covered by this Form 10, the Company completed the following sales and issuances of equity securities that were not registered under the Securities Act of 1933, as amended (the “Securities Act”):
Issuance in Connection with Acquisition
In March 2025, the Company issued 600,000 shares of Class A common stock, valued at $0.50 per share, to the former equity holders of Happy Traps, LLC as
consideration for the acquisition of that business pursuant to a reverse merger transaction. The issuance was made in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder. The securities issued were restricted securities and have not been registered under the Securities Act.

Issuance for Services
In November 2025, the Company issued 20,000,000 shares of restricted common stock to Summit Group Enterprises LLC in consideration for advisory and corporate consulting services rendered to the Company. The issuance was made in reliance upon Section 4(a)(2) of the Securities Act and/or Regulation D. The shares issued are restricted securities subject to the limitations of Rule 144 under the Securities Act.

General
All unregistered issuances described above were approved by the Company’s Board of Directors and were issued without any underwriting discounts or commissions. No
general solicitation or advertising was used in connection with the foregoing issuances.
Except as described above, the Company did not sell or issue any unregistered securities during the period required to be disclosed pursuant to Item 701 of Regulation SK.

Item 11. Description of Registrant’s Securities to Be Registered
The following description summarizes the material terms of the securities of Barrel Energy Inc. (the “Company”) that are being registered pursuant to Section 12(g) of the Securities Exchange Act of 1934. This summary does not purport to be complete and is qualified in its entirety by reference to the Company’s Articles of Incorporation and Amended and Restated Bylaws.

Common Stock

The Company is authorized to issue 2,000,000,000 shares of common stock, par value $0.001 per share. As of December 29, 2025, there were 402,837,825 shares of common stock outstanding.
Holders of common stock are entitled to one vote per share on all matters submitted to a vote of stockholders, including the election of directors, except as otherwise provided by law or by the Company’s governing documents. Holders of common stock do not have cumulative voting rights.
Subject to preferences that may be applicable to any outstanding shares of preferred stock, holders of common stock are entitled to receive dividends when, as, and if declared by the Board of Directors out of legally available funds. The Company has not declared or paid any cash dividends on its common stock to date.

THIS IS SOMEWHAT IMPORTANT TOO (they explicitly state they terminated past businesses in Oil and Gas, and Lithium exploration):

NOTE 1 - BASIS OF PRESENTATION AND ORGANIZATION
BARREL ENERGY INC. is a Nevada corporation, incorporated January 17, 2014, which was engaged historically in the oil and gas sector of the energy industry. In
January 2019, the Company terminated the agreement. The Company entered into an agreement in the lithium exploration business but terminated the contract. The Company terminated the past businesses.

On April 11, 2019, the Company amended its articles of incorporation to increase its number of authorized shares of common stock from 75,000,000 to 450,000,000.

On March 21, 2025 the Company amended its articles of incorporation to increase the number of authorized shares from 450,000,000 to 2,000,000,000.
Prior to the merger, the Company had 382,837,825 shares of common stock outstanding.

On March 28, 2025 the Company acquired Happy Traps, LLC. The Company issued 600,000 shares of common stock with a value of $300,000 for the acquisition. The acquisition was treated as a reverse merger with Happy Traps being the surviving entity keeping the name Barrel Energy Inc.

https://www.otcmarkets.com/filing/conv_pdf?id=19173154&guid=jV3-kW-Ket2jJth