SunHydrogen creates Series C Preferred Stock with $100 stated value, convertible at $0.00095 per share.

SUNHYDROGEN, INC.

Filed amended Series C Certificate of Designation on April 7, 2023; 12,000 shares designated at $100 stated value.
Each Series C share convertible into common stock at conversion price of $0.00095 per share.
Holders receive cumulative 10% annual dividend, payable in cash or common stock, senior to common dividends.
No voting rights except on matters materially affecting Series C preferences.
Liquidation preference: greater of $100 plus accrued dividends or as-if-converted amount.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

SUNHYDROGEN, INC.: Filed an amended and restated certificate of designation designating 12,000 shares of Series C Preferred Stock with specific terms (effective 2023-04-07).

Change: charter amendment
Effective: 2023-04-07

Exact text from the filing

On April 7, 2023,SunHydrogen, Inc. (the “Company”) filed an amended and restated certificate of designation of Series C Preferred Stock (the “Certificate of Designation”), with the Secretary of State of Nevada, designating 12,000 shares of preferred stock as Series C Preferred Stock.

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13 governance changes filed in the last 30 days. Browse all governance changes →

SUNHYDROGEN, INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-029271

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