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
American Bitcoin Corp.: Amended and Restated Certificate of Designations for Series C Preferred Stock filed, modifying Section 5(b) regarding change-of-control automatic redemption/exchange procedures (effective 2023-12-20).
- Change
- charter amendment
- Effective
- 2023-12-20
Exact text from the filing
On December 20, 2023, the Company filed with the Secretary of the State of Delaware an Amended and Restated Certificate of Designations of Preferences, Rights and Limitations of the Series C Preferred Stock (the “Amended Certificate of Designations”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
American Bitcoin Corp. amended Amendment No. 1 to Exchange Agreements with Holders of Exchange Agreements valued at $1,711,000 Actual Exchange Note Amount; 3,422,000 shares common stock Actual Exchange Share Amount; (effective 2023-12-20).
- Action
- amendment
- Counterparty
- Holders of Exchange Agreements
- Value
- $1,711,000 Actual Exchange Note Amount; 3,422,000 shares common stock Actual Exchange Share Amount;
- Effective
- 2023-12-20
Exact text from the filing
Item 1.01 Entry into a Material Definitive Agreement. On December 20, 2023, Akerna Corp. (the “Company”) and the signatories (the “Holders”) to its Exchange Agreements, dated January 27, 2023 (the “Exchange Agreements”) entered into Amendment No. 1 to each such Exchange Agreements (the “Amended Exchange Agreements”), respectively, to amend the terms of the Exchange Agreements related to the Initial Closing (as defined therein) and the issuance of shares of the Company’s Series C Non-Convertible Preferred Stock (the “Series C Preferred Stock”) at the Initial Closing.
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