TechLott Shareholders Approve Increase in Authorized Common Shares to 10 Billion

TechLott's board and majority stockholders authorized capital restructuring through written consents dated August 12 and August 16, 2026. The August 12 decision increases authorized common shares from 900,000,000 to 10,000,000,000, enabling preferred stock conversions tied to acquisition and management obligations. On August 16, a reverse stock split ranging from 1-for-50 to 1-for-1,000 was authorized, with the board selecting the final ratio. Implementation of the reverse split will reduce authorized common shares to 250,000,000, regardless of the selected ratio. Consenting stockholders controlled approximately 65.3% of voting power; implementation must wait at least 20 calendar days following mailing scheduled around October 16, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TechLott Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval