M&A - brooqLy, Inc.

Form Type: 10-K

Filing Date: 2025-04-01

Corporate Action: Acquisition

Type: Update

Accession Number: 000147793225002285

Filing Summary: On February 25, 2025, BrooQLy Inc. sold 18,000,000 shares of common stock to Aerospace Capital Partners, LLC (ACP), representing approximately 70.3% of its outstanding shares. This transaction allows ACP to become the controlling shareholder of the Company. The total purchase price was $360,000; $358,200 was used to settle the Company's existing liabilities, with $1,800 going to the sellers. ACP funded the purchase through loans from private investors. Additionally, a Convertible Promissory Note worth $358,200 was issued to ACP, with provisions for conversion into common or preferred stock based on future events. This change in control is pivotal for BrooQLy as it transitions towards a focus on drone technology and autonomous logistics, integrating its software platform into operations. The document further outlines the future business strategy and market focus, emphasizing expansion and innovation in the aerospace sector.

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