other material
confidence high
sentiment neutral
materiality 0.30
Leatt corrects 2012 omission, applies 1-for-25 reverse split to Series A Preferred Stock
Leatt Corp
- Filed Certificate of Correction on Aug 11, 2026 to add 1-for-25 reverse split of Series A Preferred Stock, reducing shares from 3,000,000 to 120,000.
- Amended Certificate of Designation to remove conversion rate adjustment and add parity provision for future splits/dividends.
- Principal holder of 96,000 Series A shares (80% voting power) approved by written consent on Aug 11, 2026.
- Series A Preferred retains 100 votes per share, voting with common stock.