HERE IS YOUR DILUTION:
The Company: Global Arena Holding, Inc. is a reporting company with the United States Securities and Exchange Commission. Our common shares are quoted on the Over-the-Counter Pink Sheets under the trading symbol of GAHC. The Company is current in its reporting obligations with the SEC, is in good standing in its jurisdiction of incorporation and in any jurisdiction where it is qualified to do business.
The Company is organized as a holding company, specializing in election services and technology software companies.
Our principal executive offices are located at 208 East 51st Street, Suite 112, New York, NY 10022. Our telephone number is (646) 801-6146.
The Offering: We are offering a maximum of 250,000 Series B convertible preferred shares at a price of $10.00 per share. Each Series B convertible preferred share is convertible into $10 of common shares at 90% market value or at $0.01 per share, whichever is higher. In addition, each Series B convertible preferred share has a cumulative stock dividend, up to a maximum of 10% additional common stock upon conversion after one year.
There is no minimum investment amount.
Offering Period: The offering will terminate on June 30, 2018. We reserve the right to terminate this offering at any time during the offering period whether or not the maximum number of preferred shares offered hereunder is sold.
Gross Proceeds: Up to a maximum of $2,500,000, before deducting any estimated costs of the offering.
Escrow: All subscriber funds, when accepted, will be deposited into Jody M. Walker COLTAF Trust Account, a non-interest bearing escrow account and will be released to the Company upon their acceptance of the subscription.
Use of Proceeds: The net proceeds of the offering will be used for all or any of the following purposes:
(i) the repayment of debt,
(ii) the purchase of additional equity and/or merger and/or asset acquisition of Blockchain Technologies Corporation, or, should that not be economically feasible, to pursue a like transaction with another blockchain technology company,
(iii) the asset purchase of Election Services Solutions, LLC, and
(iv) general working capital, including rent, legal fees, and salaries for key employees.
Shares to be
Outstanding: There currently are no Series B convertible preferred shares outstanding. Each Series B convertible preferred share is convertible into $10 of common shares at 90% market value or at $0.01 per share, whichever is higher. In addition, each Series B convertible preferred share has a cumulative stock dividend, up to a maximum of 10% additional common stock upon conversion after one year. As of June 13, 2017, the Company has 399,606,256 common shares outstanding. Upon the conversion of all 250,000 Series B convertible preferred shares at the estimated market value of $0.03 per share, an estimated 91,666,667 common shares would be issued, resulting in an estimated 491,272,923 common shares outstanding.
The Company: Global Arena Holding, Inc. is a reporting company with the United States Securities and Exchange Commission. Our common shares are quoted on the Over-the-Counter Pink Sheets under the trading symbol of GAHC. The Company is current in its reporting obligations with the SEC, is in good standing in its jurisdiction of incorporation and in any jurisdiction where it is qualified to do business.
The Company is organized as a holding company, specializing in election services and technology software companies.
Our principal executive offices are located at 208 East 51st Street, Suite 112, New York, NY 10022. Our telephone number is (646) 801-6146.
The Offering: We are offering a maximum of 250,000 Series B convertible preferred shares at a price of $10.00 per share. Each Series B convertible preferred share is convertible into $10 of common shares at 90% market value or at $0.01 per share, whichever is higher. In addition, each Series B convertible preferred share has a cumulative stock dividend, up to a maximum of 10% additional common stock upon conversion after one year.
There is no minimum investment amount.
Offering Period: The offering will terminate on June 30, 2018. We reserve the right to terminate this offering at any time during the offering period whether or not the maximum number of preferred shares offered hereunder is sold.
Gross Proceeds: Up to a maximum of $2,500,000, before deducting any estimated costs of the offering.
Escrow: All subscriber funds, when accepted, will be deposited into Jody M. Walker COLTAF Trust Account, a non-interest bearing escrow account and will be released to the Company upon their acceptance of the subscription.
Use of Proceeds: The net proceeds of the offering will be used for all or any of the following purposes:
(i) the repayment of debt,
(ii) the purchase of additional equity and/or merger and/or asset acquisition of Blockchain Technologies Corporation, or, should that not be economically feasible, to pursue a like transaction with another blockchain technology company,
(iii) the asset purchase of Election Services Solutions, LLC, and
(iv) general working capital, including rent, legal fees, and salaries for key employees.
Shares to be
Outstanding: There currently are no Series B convertible preferred shares outstanding. Each Series B convertible preferred share is convertible into $10 of common shares at 90% market value or at $0.01 per share, whichever is higher. In addition, each Series B convertible preferred share has a cumulative stock dividend, up to a maximum of 10% additional common stock upon conversion after one year. As of June 13, 2017, the Company has 399,606,256 common shares outstanding. Upon the conversion of all 250,000 Series B convertible preferred shares at the estimated market value of $0.03 per share, an estimated 91,666,667 common shares would be issued, resulting in an estimated 491,272,923 common shares outstanding.
