Pervasip Corp. (OTCPK:PVSP) agreed to spinoff Artizen Corporation on January 17, 2023. Holders of Pervasip's issued and outstanding common shares as of the record date will receive an aggregate of 15,000,000 shares of Artizen common stock, Likewise, holders of Pervasip's Series K and other convertible securities will receive an aggregate of 85,000,000 shares of Artizen common stock.

Transaction is subject to registration statement effectiveness, regulatory and other customary conditions.