{"url_path":"/sec/cik-0001560452/10-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":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1560452/0001185185-26-001874-index.html","accession_number":"0001185185-26-001874","cik":"0001560452","ticker":null,"issuer_name":"Texas Republic Capital Corp","edgar_url":"https://www.sec.gov/Archives/edgar/data/1560452/0001185185-26-001874-index.html","primary_entity_key":"0001560452","primary_entity_name":"Texas Republic Capital Corp"},"word_count":347,"has_tables":true,"body_markdown":"**Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.**\n\n \n\nThe Company sold 4,375,000 common shares at $.02\nper share to its organizing shareholders in May of 2012 for total proceeds of $87,500. Subsequently, the Company completed three private\nplacement stock offerings which raised $10,249,000 through the issuance of 8,490,000 shares from the private placement offerings in 2012\nand 2013, including a private placement of 2,000,000 shares for $5,000,000 between February and November 2013. The Company incurred $1,215,569\nin offering costs to issue these shares. On May 31, 2022, the Company began a rights offering to existing shareholders only. The rights\noffering ended on September 30, 2022. Through this rights offering, the Company raised $4,400,652 and incurred $77,615 of offering costs\nthrough the sale of 733,442 shares of its common stock. At the beginning of 2023, the Company began another private placement stock offering\nwhich has raised $4,621,658 and incurred $35,903 of offering costs through the subscription of 616,221 shares of its common stock. These\nshares were sold in reliance on the exemption from the registration requirements of the Securities Act of 1933 (the “**1933 Act**”)\ncontained in Securities and Exchange Commission (“SEC”) Regulation D, Rule 506. No underwriter was involved in connection\nwith the issuance of these shares, and we paid no finder’s fees in the private placements.\n\n \n\nOn April 2, 2014, the Company commenced an offering\nof 5,000,000 shares of common stock at $5.00 per share ($25,000,000 maximum) with a 10% over sale provision, in an intrastate public offering\nregistered with the Texas State Securities Board. This offering ended on April 2, 2017 and was sold only to Texas residents pursuant to\nan exemption from the 1933 Act contained in Section 3(a)(11) of the 1933 Act and Rule 147 promulgated by the SEC. It was sold by issuer\nagents registered with the Texas State Securities Board. The Company raised $10,010,485 and incurred offering costs of $1,444,127 from\nthe sale of 2,002,097 shares in this offering.\n\n \n\nProceeds have been used for working capital and\nthe capitalization of a life insurance company and other insurance agencies."}