0001493152-24-007040.txt : 20240216 0001493152-24-007040.hdr.sgml : 20240216 20240216170840 ACCESSION NUMBER: 0001493152-24-007040 CONFORMED SUBMISSION TYPE: 1-A/A PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 20240216 DATE AS OF CHANGE: 20240216 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Alternative Ballistics Corp CENTRAL INDEX KEY: 0001834868 STANDARD INDUSTRIAL CLASSIFICATION: ORDNANCE & ACCESSORIES, (NO VEHICLES/GUIDED MISSILES) [3480] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 852764555 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 1-A/A SEC ACT: 1933 Act SEC FILE NUMBER: 024-12349 FILM NUMBER: 24649412 BUSINESS ADDRESS: STREET 1: 5940 S. RAINBOW BLVD CITY: LAS VEGAS STATE: NV ZIP: 89118 BUSINESS PHONE: 619-326-4411 MAIL ADDRESS: STREET 1: 5940 S. RAINBOW BLVD CITY: LAS VEGAS STATE: NV ZIP: 89118 FORMER COMPANY: FORMER CONFORMED NAME: Alternative Ballisitics Corp DATE OF NAME CHANGE: 20201203 1-A/A 1 primary_doc.xml 1-A/A LIVE 0001834868 XXXXXXXX 024-12349 true true Alternative Ballistics Corporation NV 2020 0001834868 3489 85-2764555 6 5 5940 S. Rainbow Blvd. Las Vegas NV 89118 619-326-4411 Lynne Bolduc Other 45323.00 0.00 2279.00 30481.00 105990.00 2735565.00 0.00 2735565.00 -2629575.00 105990.00 2279.00 357.00 5042.00 -3613213.00 -0.06 -0.06 M&K CPAS, PLLC Common Stock 132645746 000000000 N/A Series A Preferred Stock 2000000 000000000 N/A N/A 0 000000000 N/A true true Tier2 Audited Equity (common or preferred stock) Y N N Y N N 8400000 132645746 2.0000 11780000.00 5020000.00 0.00 0.00 16800000.00 M&K CPAS, PLLC 50000.00 FitzGerald Kreditor Bolduc Risbrough LLP 50000.00 11680000.00 true AL AK AR CA CO CT DE GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NV NH NM NC OH OK OR PA RI SC SD TN UT VT VA WV WI WY DC PR Alternative Ballistics Corporation Common Stock 71306280 0 $26,417,500 for services rendered; $1,830,000 in private sale or offering; and $1,018,040 note conversion Rule 4(a)(2) and Rule 506(c) PART II AND III 2 partiiandiii.htm

 

EXPLANATORY NOTE

 

Alternative Ballistics Corporation, a Nevada corporation (the “Company”) has prepared this Form 1-A/A solely for the purpose of filing the Opinion and Consent of FitzGerald Kreditor Bolduc Risbrough LLP as Exhibits 11.1 and 12.1.

 

 
 

 

PART III. EXHIBITS.

 

EXHIBIT INDEX

 

Exhibit   Description
2.1**   Articles of Incorporation of the Registrant filed with the Nevada Secretary of State on August 27, 2020
2.2**   Certificate of Amendment to Articles of Incorporation of the Registrant filed with the Nevada Secretary of State on July 8, 2021
2.3**   Certificate of Designation of the Registrant filed with the Nevada Secretary of State on July 12, 2021
2.4**   Certificate of Amendment to Articles of Incorporation of the Registrant filed with the Nevada Secretary of State on July 18, 2022
2.5**   Certificate of Amendment to Certificate of Designation of the Registrant filed with the Nevada Secretary of State on September 30, 2022
2.6**   Bylaws of the Registrant
3.1**†   2021 Omnibus Equity Compensation Plan of the Registrant
4.1**†   Form of Subscription Agreement
6.1**†   A&R Executive Employment Agreement between the Registrant and Steven Luna dated August 24, 2021
6.2**†   A&R Executive Employment Agreement between the Registrant and Jason LeBlanc dated August 24, 2021
6.3**†   A&R Executive Employment Agreement between the Registrant and Richard Nagle dated August 24, 2022
6.4**†   A&R Executive Employment Agreement between the Registrant and Vanessa Luna dated August 24, 2022
6.5**   Form of Advisory Agreement
6.6**   Lease Agreement between the Registrant and Premier Workspaces dated May 17, 2023
6.7**   Agreement with Issuance, Inc. dated November 17, 2023
6.8**   Agreement with GrowthTurbine dated January 30, 2024
11.1   Consent of FitzGerald Kreditor Bolduc Risbrough, LLP (included in Exhibit 12.1)
11.2**   Consent of M&K CPAS, PLLC
12.1   Opinion of FitzGerald Kreditor Bolduc Risbrough, LLP
14.1**   Power of attorney (See signature page of Offering Statement on Form 1-A )

 

Indicates management contract or compensatory plan
** Previously filed

 

III-1

 

 

SIGNATURES

 

Pursuant to the requirements of Regulation A, the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form 1-A and has duly caused this Offering Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Las Vegas, State of Nevada, on February 16, 2024.

 

  Alternative Ballistics Corporation
     
  By: /s/ Steven Luna
    Steven Luna
    Chief Executive Officer (Principal Executive Officer)

 

Pursuant to the requirements of Regulation A, as amended, this Offering Statement on Form 1-A has been signed by the following persons in the capacities and on the dates indicated.

 

Signature   Title   Date
         
/s/ Steven Luna   Chief Executive Officer and Director (Principal Executive Officer)   February 16, 2024
Steven Luna        
         
*   Chief Operations Officer and Director   February 16, 2024
Jason LeBlanc        
         
*   Executive Vice President and Chairman of the Board   February 16, 2024
Vanessa Luna        
         
*   Chief Financial Officer   February 16, 2024
Richard Nagle   (Principal Financial Officer and Principal Accounting Officer)    

 

*/s/ Steven Luna       February 16, 2024
Steven Luna,        
Attorney-in-Fact        

 

III-2

 

ADD EXHB 3 ex12-1.htm

 

Exhibit 12.1

 

ATTORNEYS AT LAW

 

Michael J. FitzGerald*

Eoin L. Kreditor*

Lynne Bolduc

Robert C. Risbrough

George Vausher, LLM, CPA‡

David M. Lawrence

Robert M. Yoakum

Sherilyn Learned O’Dell

Charles C. McKenna

David R. Hunt

Brook John Changala

Natalie F. Foti

Josephine Rachelle Aranda

Pfrancez C. Quijano

William Allen Miller

Sam Sayed

Alejandro Blake

John M. Marston†

Ralph G. Martinez†

Deborah M. Rosenthal†

Maria M. Rullo†

 

February 16, 2024

 

Board of Directors

Alternative Ballistics Corporation

5940 S. Rainbow Blvd.

Las Vegas, NV 89118

 

Re: Offering Circular on Form 1-A
  CIK: 0001834868
  File No.: 024-12349

 

Dear Board Members:

 

You have requested our opinion with respect to certain matters in connection with the filing by Alternative Ballistics Corporation, a Nevada corporation (the “Company”), of an Offering Circular on Form 1-A (as amended or supplemented, the “Offering Circular”) with the Securities and Exchange Commission (the “Commission”), File No. 024-12349. The Offering Circular is filed pursuant to Regulation A under the Securities Act of 1933, as amended (the “Act”).

 

This opinion is submitted pursuant to the applicable rules of the Commission in connection with the qualification of the Offering Circular and the offering by the Company of up to 8,400,000 shares of common stock, par value $0.001 (the “Shares”), consisting of (i) 5,890,000 shares of common stock offered by the Company (the “Company Shares”); and (ii) 2,510,000 shares of common stock on behalf of certain selling stockholders (the “Selling Stockholder Shares”).

 

In connection with this opinion, we have examined and relied upon original, certified, conformed, photostat or other copies of (a) the Articles of Incorporation, as amended, and Bylaws, as amended, of the Company; (b) resolutions of the Board of Directors of the Company that authorized the Selling Stockholder Shares and authorizing the issuance of the Company Shares; (c) the Offering Circular and the exhibits thereto; (d) the agreements, instruments and documents pursuant to which the Shares were or are to be issued; (e) applicable provisions of the corporate laws of the State of Nevada and published judicial and administrative interpretations thereof; and (f) such other matters of law as we have deemed necessary for the expression of the opinion herein contained. In all such examinations, we have assumed the genuineness of all signatures on original documents, and the conformity to originals or certified documents of all copies submitted to us as conformed, photostat or other copies. In passing upon certain corporate records and documents of the Company, we have necessarily assumed the correctness and completeness of the statements made or included therein by the Company, and we express no opinion thereon.

 

Based upon and subject to and limited by the foregoing, we are of the opinion that when the Offering Circular has been qualified by order of the Commission, the Company Shares, when issued and sold in accordance with the terms and conditions contemplated by and upon the terms and conditions set forth in the Offering Circular and that certain Subscription Agreement, a form which is attached to the Offering Circular as Exhibit 4.1, and upon receipt by the Company of the agreed upon consideration therefor, will be legally issued, fully paid, and non-assessable. Further, we are of the opinion that the Selling Stockholder Shares are legally issued, fully paid, and non-assessable.

 

 

2 Park Plaza, Suite 850 ? Irvine, California 92614 1150 South Olive Street, Suite 10-128 ? Los Angeles, California 90015
Telephone: 949-788-8900 ? Facsimile: 949-788-8980 ? www.fkbrlegal.com

 

*Professional Corporation ˖ †Of Counsel ˖ ‡Certified Specialist in Estate Planning, Trust & Probate Law, and in Taxation Law, State Bar of California

 

 
 

 

February 16, 2024

Page 2 of 2

 

The foregoing opinion is limited to the federal laws of the United States and the Nevada Revised Statutes, and we express no opinion as to the effect of the laws of any other jurisdiction. The foregoing reference to the Nevada Revised Statutes includes the statutory provisions and also all reported judicial decisions interpreting such laws.

 

This opinion has been prepared for use in connection with the Offering Circular, and this opinion may not be relied upon for any other purpose without our express written consent. Our opinion expressed herein is limited to the matters stated and no opinion is implied or may be inferred beyond the matters expressly stated herein.

 

We hereby consent to the filing of this opinion as an exhibit to the Offering Circular. In giving such permission, we do not admit hereby that we come within the category of persons whose consent is required under Section 7 of the Act, or the rules and regulations of the Commission thereunder. This opinion is expressed as of the date hereof, and we disclaim any undertaking to advise you of any subsequent changes in the facts stated or assumed herein or of any subsequent changes in applicable law.

 

 

Very Truly Yours,

   
  /s/ FitzGerald Kreditor Bolduc Risbrough LLP
  FitzGerald Kreditor Bolduc Risbrough LLP

 

 

 

GRAPHIC 4 ex12-1_001.jpg begin 644 ex12-1_001.jpg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end GRAPHIC 5 ex12-1_002.jpg begin 644 ex12-1_002.jpg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end