other material
confidence high
sentiment negative
materiality 0.75
Beyond Commerce sells $1M Series C convertible preferred; potential 100M share dilution
Beyond Commerce, Inc.
- Sold 10,000 Series C Preferred shares for $1M cash; each share converts to 10,000 common shares at $0.01/share.
- Potential issuance of up to 100M common shares upon conversion, causing significant dilution.
- Offering exempt from registration under Section 4(a)(2) and Regulation D as a private placement.
- Company represented no material non-public information provided; Form 8-K to disclose terms.