STRATEGIC ACQUISITIONS, INC. (OTCMKTS:STQN) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02 Unregistered Sales of Equity Securities
On October 4, 2017, Strategic Acquisition, Inc. (the “Company” or the “Registrant”) issued 125,000 unregistered restricted shares of common stock, par value $0.001 to Nextcoal International, Inc., a Wyoming corporation, in exchange for $50,000. The funds will be used to further capitalize the Company. Prior to the issuance of these shares, the Company had 1,765,000 shares of its Common Stock issued and outstanding. Upon the issuance of these shares, the Company now has 1,890,000 shares of its Common Stock issued and outstanding.
The shares were issued to the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended (the “Act”) and Rule 506. We believed that Section 4(2) was available because the offer and sale did not involve a public offering and there was not general solicitation or general advertising involved in the offer or sale.
The President of Nextcoal International has long-term pre-existing business relationship with the Company. The Company did not engage in any form of general solicitation or general advertising in connection with this transaction. Nextcoal International was provided access to all material information, and was afforded access to our management in connection with this transaction. They acquired these securities for investment and not with a view toward distribution, acknowledging such intent to us. They understood the ramifications of their actions. The shares have a legend restricting transferability absent registration or applicable exemption.
About STRATEGIC ACQUISITIONS, INC. (OTCMKTS:STQN)
Strategic Acquisitions, Inc. is a shell company. The Company’s business plan is to seek, investigate, and, if warranted, acquire a business, and to pursue other related activities intended to enhance shareholder value. The acquisition of a business opportunity may be made by purchase, merger, exchange of stock, or otherwise, and may encompass assets or a business entity, such as a corporation, joint venture, or partnership. The Company has not identified any business opportunity that it plans to pursue, nor has the Company reached any agreement or definitive understanding with any person concerning an acquisition. The Company has no commercial operations and has not generated any revenues.