other_material
confidence high
sentiment neutral
materiality 0.60
DarioHealth accelerates mandatory conversion of Series C & D preferred stock into common stock
DarioHealth Corp.
- Effective Sept 18, 2025: all outstanding Series C, C-2, D, D-1, D-2, D-3 preferred convert to common stock or pre-funded warrants at holder's election.
- Series A-1 certificate amended to give holders option to receive pre-funded warrants instead of common stock on conversion.
- Each holder also receives all accrued unpaid dividends, including PIK shares, subject to beneficial ownership blockers.
- Amendments approved by majority of preferred holders and Board; no new securities issued or sold.
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