Fresh Vine Wine designates Series B Convertible Preferred Stock with $100 stated value, conversion price $0.45

AMAZE HOLDINGS, INC.

Designated 50,000 shares of Series B Convertible Preferred Stock, stated value $100 per share.
Conversion price set at $0.45 per share, subject to adjustments and a floor price of $0.05.
Conversion capped at 4.99% beneficial ownership per holder; Exchange Share Cap of 19.9% without stockholder approval.
Company may redeem up to 75% at 150% of stated value within 6 months, or up to 50% at 200% after 6 months.
Series B ranks pari passu with Series A in liquidation preference; dividends equal to common on as-converted basis.

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

AMAZE HOLDINGS, INC.: Filed Certificate of Designation for Series B Convertible Preferred Stock, establishing rights, preferences, and limitations (effective 2024-03-14).

Change: charter amendment
Effective: 2024-03-14

Exact text from the filing

On March 14, 2024, Fresh Vine Wine, Inc. (the “Company”) filed with the Secretary of State of the State of Nevada a Certificate of Designation of Preferences, Rights and Limitations of Series B Convertible Preferred Stock, par value $0.001 per share (the “Series B Stock”)(the “Certificate”).

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AMAZE HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001213900-24-024359

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