Live Current Media increases authorized common shares to 850M, creates 100M preferred shares

Live Current Media Inc.

Effective Jan 18, 2023, authorized common shares increased from 500M to 850M, and 100M preferred shares created.
Amendment approved by written consent of 51% of outstanding shares (82.2M for, 0.26M against), based on Dec 22 record date.
Board has discretion to issue preferred stock in series with rights that may be superior to common.
This capital structure change enables potential future fundraising, acquisitions, or other corporate actions.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Live Current Media Inc.: Amended articles of incorporation to increase authorized common shares from 500,000,000 to 850,000,000 and create a class of preferred stock with 100,000,000 authorized shares (effective 2023-01-18).

Change: charter amendment
Effective: 2023-01-18

Exact text from the filing

Effective January 18, 2023, Live Current Media Inc. (the " Company ") amended its articles of incorporation (the " Articles ") by: (a) increasing the number of authorized shares of common stock, par value $0.001 (the " Common Stock ") from 500,000,000 shares of Common Stock to 850,000,000 shares of Common Stock; and (b) creating a class of preferred stock, par value $0.001 (the " Preferred Stock ") and authorizing the issuance of up to 100,000,000 shares of Preferred Stock.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Live Current Media Inc. shareholders approved Amend the Company's Articles.

Proposal: charter amendment
Outcome: passed

Exact text from the filing

Stockholders holding a total of 82,438,709 shares of Common Stock as of the Record Date provided written consents in respect of the proposed amendments to the Company's Articles as follows: Shares %* Written consents submitted FOR the amendments 82,175,899 51% Written consents submitted AGAINST the amendments 262,810 <1% Written consents submitted ABSTAINING 0 n/a

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Source: SEC EDGAR

accession 0001062993-23-002864

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