other material
confidence high
sentiment negative
materiality 0.85
Beyond Commerce issues 363M shares to settle Iliad obligation; authorized shares raised to 30B
Beyond Commerce, Inc.
- Issued 363,185,553 restricted shares to Iliad Research and Trading L.P. under July 8, 2021 settlement agreement.
- Authorized common shares increased to 30 billion via Certificate of Amendment filed August 20, 2021.
- Massive dilution for existing shareholders; no corresponding capital raise disclosed.
- Iliad Research and Trading received shares as settlement of a prior obligation.