DEF 14C: International Endeavors Corp. Becomes ModuLink Inc., Boosts Shares

International Endeavors Corp. announced a name change to ModuLink Inc. and an increase in authorized common stock from 4 billion to 6 billion shares, approved by its Board and majority stockholders.

Summary

• The company's name will change from International Endeavors Corp. to MODULINK INC.
• The number of authorized common stock shares will increase from 4,000,000,000 to 6,000,000,000.
• These actions were approved by the Board of Directors and 4 stockholders holding an aggregate of 1,414,027,236 shares of common stock and 200,000 shares of Series A Preferred Stock as of October 14, 2025.
• Each share of Series A Preferred Stock has voting rights equal to 20,000 shares of common stock, giving the 200,000 Series A Preferred shares a voting power equivalent to 4,000,000,000 common shares.
• The combined voting power of the consenting stockholders was sufficient to approve the actions without a general stockholder vote.
• The effective date for both the name change and the increase in authorized shares is anticipated to be on or about November 23, 2025.
• The increase in authorized shares is intended to provide financial flexibility for future financing or acquisition transactions.

Sentiment

Score: 6

Explanation: The filing details standard corporate actions (name change, increased authorized shares for future flexibility). While the increased shares offer flexibility, they also introduce potential dilution and anti-takeover effects, balancing the sentiment. The compensation details are minimal.

Positives

• The increase in authorized common stock provides the company with greater financial flexibility for future financing or acquisition transactions.
• The Board of Directors believes that the financial flexibility offered by the amendment outweighs any potential disadvantages.
• The company has no present plans or commitments for the immediate issuance or use of the proposed additional shares for financing, suggesting a proactive measure rather than an urgent need.

Negatives

• The increase in authorized shares could have anti-takeover ramifications, potentially delaying or preventing a change in control of the company.
• The issuance of additional shares could make it more difficult to remove incumbent management and directors from office, even if such a change were favorable to stockholders.
• The company is not a party to written compensation agreements with its executive officers or directors, relying on oral agreements for monthly fees.

Risks

• Any additional issuance of common stock could have the effect of delaying or preventing a change in control of the Company by increasing the number of outstanding shares entitled to vote and by increasing the number of votes required to approve a change in control.
• Shares of common stock could be issued, or rights to purchase such shares could be issued, to render more difficult or discourage an attempt to obtain control of the Company by means of a tender offer, proxy contest, merger or otherwise.
• The ability of the Board of Directors to issue such additional shares of common stock could discourage an attempt by a party to acquire control of the Company by tender offer or other means, potentially depriving stockholders of benefits that could result from such an attempt, such as the realization of a premium over the market price.
• The issuance of additional shares of common stock to certain persons with interests aligned with that of the Board of Directors could make it more difficult to remove incumbent managers and directors from office.
• The availability of additional authorized and unissued shares of common stock could make any attempt to gain control of the Company or the Board of Directors more difficult or time consuming and might make it more difficult to remove management.

Future Outlook

The company expects to establish one or more incentive compensation plans in the future, and directors and executive officers may receive company securities as incentive compensation at the discretion of the board. The company has no present plans or commitments for the issuance or use of the proposed additional shares of common stock in connection with any financing.

Management Comments

• "The Board of Directors believes that the financial flexibility offered by the amendment outweighs any disadvantages."
• "The Board of Directors believes that it is advisable and in the best interests of the Company to have available additional authorized but unissued shares of common stock in an amount adequate to provide for the Company's future needs."
• "Our policies and practices do not encourage excessive and unnecessary risk taking that would be reasonably likely to have material adverse effect on the Company."

Industry Context

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Management Changes

Corporate Governance

Related Party Transactions

• ModuLink Inc. (a British Virgin Islands entity) owns 200,000 shares of Series A Preferred Stock, representing 100% of the issued and outstanding Series A Preferred Stock, with voting power equal to 4,000,000,000 common shares.
• TAM, Hin Wah Anthony (Chairman of the Board), AU-YEUNG Sai Kit (Director, CFO, Secretary), and FU, Wah (Director, CEO) are directors of ModuLink Inc. and own 50%, 25%, and 25% respectively of ModuLink Inc.
• These individuals, through their ownership and roles in ModuLink Inc. and International Endeavors Corp., collectively control a majority of the voting power.

Stakeholder Impact

• Shareholders: Potential for future dilution if the newly authorized shares are issued. The increase in authorized shares could also make hostile takeovers more difficult, potentially depriving shareholders of a premium.
• Management/Board: Increased flexibility for equity-based compensation and strategic transactions. Enhanced ability to resist hostile takeovers.

Next Steps

• The Authorized Shares Amendment and company name change will become effective twenty (20) days after the Information Statement is mailed to stockholders (anticipated on or about November 23, 2025).
• The company expects to establish one or more incentive compensation plans in the future.
• Directors and executive officers may receive securities of the Company as incentive compensation at the discretion of the board of directors in the future.

Key Dates

Recommendation

The filing primarily details corporate governance changes, specifically a name change and an increase in authorized common stock. While the increase in authorized shares provides future financial flexibility, it also introduces potential for dilution and anti-takeover implications. There are no immediate financial performance updates or strategic initiatives that would warrant a strong buy or sell recommendation. The related party ownership structure indicates concentrated control. Investors should hold and monitor for future announcements regarding the use of the newly authorized shares and any strategic direction implied by the name change.

Keywords

International Endeavors Corp., ModuLink Inc., name change, authorized shares increase, common stock, Series A Preferred Stock, corporate governance, SEC filing, DEF 14C, Nevada corporation, stockholder consent, anti-takeover, capital structure, executive compensation