March 26, 2026 San Diego, California. FUNR (the Company) (OTCID:FUNR) is pleased to provide this corporate update.
Cancellation of Merger
Pursuant to the companies Press Release of October 14, 2025 the Company wishes to clarify that the merger between the Company and AsphaltX, Inc. was terminated and rescinded. The shares issued in connection with the merger were returned to the treasury and will be reported as such on the Q1 2026 Disclosure Statement for period ending March 31, 2026.
Cancellation of Debt
Pursuant to a Release and Termination Agreement dated July 17, 2025 the Company has recorded the cancellation of all debt owed by the Company. This has resulted in positive equity for the first time in the Company’s history.
Litigation
The Company, its CEO and the Company’s transfer agent were a party to an action commenced by a shareholder on December 12, 2025. That action was voluntarily dismissed with a filing for Notice of Voluntary Dismissal in its entirety by so said shareholder on February 23, 2026. Thus the Company is not a party to any litigation existing or pending.
CEO/Director Ethan Zachadnyk commented that “With the cleaning up of our balance sheet and legacy issues, we are in a much better position to attract additional Board Members, capital for growth and execute on a transformative strategy.”
Further Information about FUNR can be found on the OTC Markets landing page for FUNR. See FUNR | CompanyProfile | OTC Markets
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SAFE HARBOR ACT: Forward-looking statements are included within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding the Company’s expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations or listing on an exchange — including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will” and other similar expressions — are forward looking statements and involve risks, uncertainties and contingencies, many of which are beyond the Company’s control and may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward looking statements, whether as a result of new information, future events or otherwise. No information in this press release should be construed in any manner whatsoever as an indication of the future performance of the Company’s revenues, financial condition or stock price.