iOThree Ltd

iOThree Ltd (IOTR) is primarily engaged in the business of satellite communications and software. The company's structure includes iO3 Cayman and its subsidiaries. As of the balance sheet date, iOThree Ltd controls two key subsidiaries: iOThree Maritime Technologies Limited ("iO3 BVI") and iO3 Pte. Ltd. ("iO3 Singapore"). iO3 BVI is a British Virgin Islands company, incorporated on August 21, 2023. It serves as an investment holding company and is 100% owned by iOThree Cayman. iO3 BVI has 1,000 ordinary shares issued and outstanding, valued at US$1,000. iO3 Singapore is a Singaporean company, incorporated on February 19, 2019. This subsidiary is directly involved in satellite communications and software activities. iO3 Singapore is 100% owned by iO3 BVI and has 147,360 ordinary shares issued and outstanding, valued at US$802,137. The company's authorized share capital was initially US$50,000, divided into 5,000,000 Ordinary Shares with a par value of US$0.01 each. On January 19, 2024, the authorized share capital increased to US$500,000, divided into 50,000,000 Ordinary Shares, also with a par value of US$0.01 each.