secwatch.observer — SEC 8-K summary
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Issuer:     AiAdvertising, Inc. (—)
CIK:        0000743758
Form:       8-K
Filed at:   2024-03-25T23:59:59+00:00
Accession:  0001213900-24-025585
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AiAdvertising issues Series K preferred stock with 51% voting power to CEO for services
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- Filed Certificate of Designation for Series K Preferred Stock, designating 1,000 shares.
- Issued all 1,000 Series K shares to CEO Gerard Hug for past services rendered.
- Series K carries 51% of total voting power; no conversion rights, dividends, or liquidation preference.
- Auto-redeemed at $0.001 per share on earliest of: 60 days, CEO departure, or exchange listing condition.
- No ticker symbol listed; shares trade on OTC markets under symbol AIAD (not explicitly stated in filing).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/743758/000121390024025585/0001213900-24-025585-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/743758/000121390024025585/ea0202523-8k_aiadver.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-025585

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer