Financing ·
On July 2, 2026, Barrel Energy, Inc. converted 750,000 shares of Series A Preferred Stock into 750,000,000 shares of…
BRLLDBarrel Energy Inc.
On July 2, 2026, Barrel Energy, Inc. converted 750,000 shares of Series A Preferred Stock into 750,000,000 shares of common stock at a 1:1,000 conversion ratio. The conversion involved three holders—James Jarmin Kaltsas, Alfreddie Johnson, and Willis Jerome Pumphrey Jr.—who are each officers, directors, and greater-than-ten-percent beneficial owners. This transaction increased the total common stock outstanding from 2,144,622 to 752,144,622 shares and reduced Series A Preferred Stock from 5,000,000 to 4,250,000 shares. No cash proceeds or commissions were received by the company. Barrel Energy, Inc. is an energy company.