{"url_path":"/sec/bsai/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/1416090/0001493152-26-023189-index.html","accession_number":"0001493152-26-023189","cik":"0001416090","ticker":"BSAI","issuer_name":"BLUSKY AI INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1416090/0001493152-26-023189-index.html","primary_entity_key":"0001416090","primary_entity_name":"BLUSKY AI INC."},"word_count":180,"has_tables":true,"body_markdown":"**ITEM\n2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS**\n\n \n\n**Issuance\nof Common Stock**\n\n \n\nThe\nCompany has claimed exemption from registration under the Securities Act for the sales and issuances of securities in the following transactions\nunder Section 4(a)(2) and 3(a)(9) of the Securities Act and/or Regulation D promulgated thereunder, in that such sales and issuances\ndid not involve a public offering, as the shareholders were accredited and/or financially sophisticated and had adequate access, through\nbusiness or other relationships, to information about the Company, and the sales did not involve a public offering of securities or any\ngeneral solicitation or under Rule 701 promulgated under the Securities Act, in that they were offered and sold either pursuant to written\ncompensatory plans or pursuant to a written contract relating to compensation.\n\n \n\nOn\nJanuary 10, 2026, the Company issued 13,694 shares of Common Stock to a lender on a Reg D convertible note payable. These shares were\nvalued at $5.325 per share for a total of $72,920. The Company recognized a loss on extinguishment of debt of $22,920 on this conversion."}