RELATED PARTY TRANSACTIONS |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| RELATED PARTY TRANSACTIONS | |
| RELATED PARTY TRANSACTIONS | NOTE 5 – RELATED PARTY TRANSACTIONS
Founder Shares
On March 27, 2024, the Company’s founder, Redhawk Acquisition One, LLC, purchased 3,750,000 shares (the “Founder Shares”) of the Company’s common stock for an aggregate price of $3,750. Mr. Reithinger, the Company’s President, Treasurer and Director, beneficially owns 750,000 shares of common stock through Escala Asset Management, LLC, an entity owned and controlled by Mr. Reithinger. Such entity owns a 20% membership interest in RedHawk Acquisition One, LLC. Mr. Walsh, the Company’s Secretary and Director, beneficially owns 750,000 shares of common stock through Walsh Corporate Finance, LLC, an entity owned and controlled by Mr. Walsh. Such entity owns a 20% membership interest in RedHawk Acquisition One, LLC.
Preferred Shares
On April 22, 2024, the Board of Directors established a designation of preferred stock, $0.001 par value per share as Series A Preferred Stock and the relative rights and preferences thereof. As of June 30, 2025 and December 31, 2024, there were 44 and 36, respectively, shares of Series A Preferred Stock held by related parties (see Note 6).
Founding Expenses
During 2024, Mr. Reithinger paid for certain expenses involved with the incorporation of the Company with personal funds. During 2024, these expenses totaled $100 and were recorded as a related party accounts payable on the accompanying condensed balance sheet as of December 31, 2024. During the six months ended June 30, 2025, the amounts were repaid and the related party payable as of June 30, 2025 was $0. Office Space
The office space used by the Company is provided by Eventus Advisory Group, LLC (“Eventus”), a private CFO-services firm, managed by Mr. Reithinger, at no charge. |