other material
confidence high
sentiment neutral
materiality 0.55
CBAK Energy authorizes 10M shares of preferred stock via charter amendment
CBAK Energy Technology, Inc.
- Filed Certificate of Amendment with Nevada on Dec 9, 2021, authorizing 10,000,000 shares of preferred stock, $0.001 par value.
- Board may fix rights, preferences, privileges, and restrictions for each series of preferred stock.
- Amendment modifies rights of security holders by enabling a new class of stock with potential superior rights.
- No preferred shares have been issued yet; the authorization is a structural change to the articles.