other material
confidence high
sentiment neutral
materiality 0.70
SecureTech creates Series A Preferred with 10,000 votes per share; exchanges 25M common for 2,500 preferred
Securetech Innovations, Inc.
- On May 31, 2023, SecureTech exchanged 25 million common shares for 2,500 newly issued Series A Preferred shares.
- As of June 2, 2023: 86,850,513 common shares and 2,500 Series A Preferred shares outstanding.
- Series A Preferred ranks superior to common; each share carries 10,000 votes (no cumulative voting); up to 250,000 shares authorized.
- Corporation may redeem Preferred after one year for cash or 10,000 common shares per Preferred share.
- Certificate of Designation filed as Exhibit 3.4; Preferred shares issued in unregistered transaction.