Sky Century Investment Inc.

10/21/2026 | Press release | Distributed by Public on 10/21/2026 13:12

Private Placement, Management Change/Compensation (Form 8-K)

Item 3.02.Unregistered Sales of Equity Securities.

On October 15, 2026, the Board of Directors (the "Board") of Sky Century Investment, Inc. (the "Company") approved the conversion of $205,000 of accrued and unpaid salary owed to Nataliia Petranetska, the Company's President, Chief Executive Officer and a member of the Board, into shares of the Company's common stock pursuant to the Amendment to the Compensation Agreement dated December 1, 2020, as amended on July 1, 2026 (the "Compensation Agreement").

Pursuant to the approved conversion, the Company may issue an aggregate of 4,100,000 shares of its common stock to Nataliia Petranetska at a conversion price of $0.05 per share in full satisfaction of the corresponding salary obligation. The issuance is subject to the terms of the Compensation Agreement, applicable corporate approvals and applicable securities laws. The shares of common stock, if issued, will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), and will be issued in reliance upon an available exemption from the registration requirements of the Securities Act.

As of the date of this report, the Company would have 14,229,357 shares of common stock issued and outstanding following the issuance. As of the date of this report, the conversion has been completed, and an aggregate of 4,100,000 shares of the Company's common stock have been issued to Nataliia Petranetska in settlement of the corresponding accrued and unpaid salary obligation.

The foregoing description of the transaction is qualified in its entirety by reference to the Amendment to the Compensation Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 5.02(e)Compensatory Arrangements of Certain Officers.

On July 1, 2026, Sky Century Investment, Inc. (the "Company") entered into an Amendment to the Compensation Agreement dated December 1, 2020, with Nataliia Petranetska, the Company's President and Chief Executive Officer, providing her with the right, subject to prior approval by the Company's Board of Directors, to convert all or a portion of her accrued and unpaid salary into shares of the Company's common stock.

On October 15, 2026, the Board approved the conversion of $205,000 in accrued and unpaid salary into 4,100,000 shares of the Company's common stock at a conversion price of $0.05 per share. The conversion was completed on October 16, 2026, and the shares were issued to Ms. Petranetska in full satisfaction of the corresponding salary obligation.

The foregoing description is qualified in its entirety by reference to the Amendment to the compensation agreement, filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

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