other material
confidence high
sentiment neutral
materiality 0.60
DynaResource receives $2.5M from Golden Post Rail via Series E Convertible Preferred Stock issuance
DYNARESOURCE, INC.
- Issued 1,552,795 shares of Series E Convertible Preferred Stock to Golden Post Rail, LLC for $2.5M at $1.61/share.
- Series E Preferred is convertible 1:1 into common stock, junior to Series C and D preferred, pari passu with common.
- Golden Post waived preemptive and antidilution rights related to the Ocean Partners MOU and related stock issuances.
- Offering conducted as private placement exempt from registration under Section 4(a)(2) of the Securities Act.
- Company filed Certificate of Designations with Delaware to create Series E Preferred Stock.