WeCapital Holdings, Inc.

What they do

WeCapital Holdings, Inc. was incorporated on June 29, 2021 as Perfect Solutions Group, Inc. and is a blank check company. The company completed a Nevada holding company reorganization effective September 15, 2021, involving ALL-Q-TELL Corporation, Perfect Solutions Group, Inc., and Perfect Solutions Merger Sub, Inc. After the reorganization, the company separated from ALL-Q-TELL Corporation, which retained all assets and liabilities. The company has no business operations and trades on the OTC MarketPlace under the ticker symbol PSGI.

Revenue drivers

• No revenue-generating operations — The company is a blank check company with no products or services and has never reported revenue.

Recent performance

For fiscal year 2023, the company reported a net loss of $34,699, compared to a net loss of $13,100 in fiscal year 2022. Operating cash flow was negative $34,699 in 2023 and negative $16,850 in 2022. Diluted EPS was $0 in both years. As of April 30, 2024, the company reported $0 in cash and total liabilities of $1,200 as of April 30, 2022.

Strategy

The company's stated business plan is to seek a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Management has not announced any definitive agreement for a business combination. The company completed a holding company reorganization and corporate separation from ALL-Q-TELL Corporation to avoid shareholder confusion and continue trading on the OTC MarketPlace. Recent 8-K filings show changes in accountants, director or officer changes, and an amended charter or bylaws, indicating ongoing efforts to maintain corporate compliance and prepare for a potential transaction.

Risks

• No operating business — The company has no revenue, no products, and no operations, and may never complete a business combination.
• Going concern — With $0 cash as of April 30, 2024 and negative operating cash flow, the company may be unable to fund ongoing expenses or a business combination.
• Dilution and control — Future business combinations could result in substantial dilution to existing shareholders, and management may have conflicts of interest.
• OTC market and liquidity — The company's stock trades on the OTC MarketPlace, which may have limited liquidity and volatile prices.

Outlook

Management has not provided specific guidance or projections. The company continues to seek a business combination. Recent filings indicate changes in accountants and corporate governance, but no definitive transaction has been announced.