secwatch / observer
8-K filed June 12, 2023, 7:59 PM ET CIK 0000743758
other material confidence high sentiment neutral materiality 0.50

AiAdvertising adopts shareholder rights plan (poison pill) with 10% trigger

AiAdvertising, Inc.

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

AiAdvertising, Inc.: Amended articles of incorporation by adopting Series J Certificate of Designation for preferred stock (effective 2023-06-08).

Change
charter amendment
Effective
2023-06-08
Exact text from the filing
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. In connection with the adoption of the Rights Agreement, the Board has approved a Certificate of Designation, Preferences and Rights of Series J Junior Participating Preferred Stock, par value $0.001 per share, of the Company (the “Series J Certificate of Designation”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

AiAdvertising, Inc. entered into Rights Agreement with Worldwide Stock Transfer, LLC valued at Dividend distribution of one right to purchase one ten-thousandth of one share of Series J Junior Pa (effective 2023-06-06).

Action
entry
Agreement
equity purchase
Counterparty
Worldwide Stock Transfer, LLC
Value
Dividend distribution of one right to purchase one ten-thousandth of one share of Series J Junior Pa
Effective
2023-06-06
Exact text from the filing
On June 6, 2023, AiAdvertising, Inc. (the “Company”) entered into the Rights Agreement (the “Rights Agreement”), by and between the Company and Worldwide Stock Transfer, LLC, as Rights Agent, substantially in the form previously attached as an exhibit to the Securities Purchase Agreement filed as Exhibit No. 10.1 to the Company’s Current Report on Form 8-K filed on April 11, 2023.
View on SEC.gov

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Source: SEC EDGAR
accession 0001213900-23-048238
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