secwatch.observer — SEC 8-K summary
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Issuer:     DYNARESOURCE, INC. (DYNR)
CIK:        0001111741
Form:       8-K
Filed at:   2024-06-28T23:59:59+00:00
Accession:  0000950170-24-079082
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DynaResource receives $2.5M from Golden Post Rail via Series E Convertible Preferred Stock issuance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111741/000095017024079082/0000950170-24-079082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111741/000095017024079082/dynr-20240628.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-079082

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