other material
confidence high
sentiment negative
materiality 0.85
SunHydrogen CEO receives 51% voting control; authorized shares doubled to 10B; reverse split up to 1:500 approved
SUNHYDROGEN, INC.
- CEO Timothy Young received 1,000 Series A Preferred shares granting 51% voting control; shares auto-redeem at $0.001 after 60 days or departure.
- Authorized common shares increased from 5B to 10B via written consent of majority shareholder.
- Board authorized to effect reverse stock split of 1:100 to 1:500 at any time within one year.
- 2022 Equity Incentive Plan adopted.