M&A - TechCom, Inc.

Form Type: 10-Q

Filing Date: 2025-05-19

Corporate Action: Merger

Type: Update

Accession Number: 000168316825003816

Filing Summary: TechCom, Inc. filed its quarterly report for the period ending March 31, 2025, indicating that the company remains a non-operating holding entity with no revenue generated during the quarter. The financial statements show a significant stockholders' deficit of $265,755 and an accumulated deficit of $2,685,321. The company is actively seeking operating businesses suitable for acquisition, marking a strategic shift in management's focus. Current management acquired control through the purchase of preferred shares in 2021. There was a net loss of $11,330 for the quarter, down from a loss of $12,121 in the same quarter the previous year. The company has a history of significant expenses amid an approach to identifying merger targets as part of their growth strategy. Furthermore, the financial statements present risks regarding the company’s ability to continue operations as a going concern without successful acquisition activity. There have been ongoing discussions regarding improving financial performance and reevaluating accounting policies and tax-related disclosures due to recent changes in regulation.

Form Type: 10-K

Filing Date: 2025-04-14

Corporate Action: Merger

Type: Update

Accession Number: 000168316825002528

Filing Summary: TechCom, Inc. filed its Annual Report for the year ended December 31, 2024, outlining a lack of current operations and a continuing deficit. The company is pursuing a strategy to identify a merger target in the form of an operating entity, crucial for revitalizing its business. As of March 20, 2025, there is only one officer, Mr. Aziz Ali, functioning as CEO and CFO. Financial data indicates an accumulated deficit of $2,673,991 and a stockholders deficit of $254,425, raising uncertainties about the company's going concern. The report also indicates no revenue generation and minimal administrative expenses, suggesting reliance on existing shareholder support for the next 12 months. This strategic focus on potential mergers underlines the company's intent to emerge from its non-operational status and suggests a transformation towards active business operations.