Real Good Food issues 6.9M Series A Preferred shares to Emblem under $60M loan

Real Good Food Company, Inc.

Issued 6,876,814 shares of Series A Preferred Stock to Emblem, representing 19.99% of voting non-economic interests.
Series A created via Certificate of Designation filed Nov 12, 2024; liquidation preference senior to common stock.
Holders of Series A get one vote per share on matters submitted to common stockholders; no dividends.
Upon stockholder approval, Series A will be cancelled and Emblem will receive Class B Common for 19.99% fully diluted voting interests.

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

Real Good Food Company, Inc.: Filed Certificate of Designation of Series A Preferred Stock, establishing rights, preferences, and terms of the new series (effective 2024-11-12).

Change: charter amendment
Effective: 2024-11-12

Exact text from the filing

On November 12, 2024, the Company filed the Certificate of Designation of Series A Preferred Stock (the “Series A Certificate of Designation”) with the Delaware Secretary of State, creating the Series A Preferred Stock and establishing the rights, preferences and other terms of the Series A Preferred Stock, and issued the Series A Preferred Stock.

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Source: SEC EDGAR

accession 0001193125-24-261782

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