{"url_path":"/sec/cik-0001429393/10-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":"2026-06-09","source_url":"https://www.sec.gov/Archives/edgar/data/1429393/0001477932-26-003738-index.html","accession_number":"0001477932-26-003738","cik":"0001429393","ticker":null,"issuer_name":"Trutankless, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1429393/0001477932-26-003738-index.html","primary_entity_key":"0001429393","primary_entity_name":"Trutankless, Inc."},"word_count":530,"has_tables":true,"body_markdown":"**Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.**\n\n \n\nOn January 1, 2026, the Company issued 200,000 shares for services pursuant to a consulting agreement.\n\n \n\nOn January 22, 2026, the Company issued 5,300,000 shares to an unrelated individual pursuant to a consulting agreement. These shares were valued at $0.2485 per share for a total value of $1,317,050 and will be amortized over the twelve-month term of the agreement.\n\n \n\nOn January 26, 2026, the Company issued 100,000 shares per a subscription agreement at $0.10 per share for $10,000 in cash.\n\n \n\nOn February 1, 2026, the Company issued 200,000 shares for services pursuant to a consulting agreement.\n\n \n\nOn February 2, 2026, the Company issued 3,000,000 shares to an unrelated individual pursuant to a consulting agreement. These shares were valued at $0.20 per share for a total value of $600,000 and will be amortized over the six-month term of the agreement.\n\n \n\nOn February 16, 2026, the Company issued 200,000 shares per a subscription agreement at $0.10 per share for $20,000 in cash.\n\n \n\nOn February 16, 2026, the Company issued 50,000 shares for services pursuant to a consulting agreement.\n\n \n\nOn February 19, 2026, the Company issued 200,000 shares per a subscription agreement at $0.10 per share for $20,000 in cash.\n\n \n\nOn February 23, 2026, the Company issued 6,446,421 shares to an unrelated individual for management services pursuant to a consulting agreement. These shares were valued at $0.30 per share for a total value of $1,933,926 and will be amortized over the six-month term of the agreement.\n\n \n\nBetween April 21, 2026 through May 4, 2026, the Company entered into eleven revenue sharing/subscription agreements. The Company issued 8,575,000 shares of common stock for $428,750 in cash per the subscription agreements. Per these same agreements, these eleven investors also entered the revenue sharing program and the Company received an additional $428,750 in cash. Per these agreements, the Company is required to pay $68.60 per unit sold to these investors. The revenue sharing period begins on April 1, 2026 and continues for four years.\n\n \n\n \n\n30\n\n*Table of Contents*\n\n  \n\nWe believe that the above issuances and sale of the securities was exempt from the registration and prospectus delivery requirements of the Securities Act of 1933 by virtue of Section 4(2) and Regulation D Rule. The securities were sold directly by us and did not involve a public offering or general solicitation. The recipients of the securities were afforded an opportunity for effective access to files and records of the Registrant that contained the relevant information needed to make their investment decision, including the financial statements and 34 Act reports. We reasonably believed that the recipients, immediately prior to the sale of the securities, were accredited investors and had such knowledge and experience in our financial and business matters that they were capable of evaluating the merits and risks of their investment. The management of the recipients had the opportunity to speak with our management on several occasions prior to their investment decision. There were no commissions paid on the issuance and sale of the securities.\n\n \n\n**Issuer Purchases of Equity Securities**\n\n \n\nThe Company did not repurchase any of its equity securities during the period ended March 31, 2026."}