other material
confidence high
sentiment neutral
materiality 0.70
NAPC Defense Board approves 4x increase in authorized shares and creates Voting Control Preferred with 70% voting power
NAPC Defense, Inc.
- Authorized shares increased from 500M to 2B to enable future acquisitions, financings, and strategic initiatives.
- Designated 70 shares of Voting Control Preferred, each holding 1% of aggregate voting power, totalling 70% voting control.
- Voting Control Preferred are non-transferable, non-convertible, no dividends or liquidation rights, and vote as a block directed by the Board.
- The Board adopted both resolutions on Oct 14, 2025, under Nevada law.