other material
confidence high
sentiment negative
materiality 0.75
Vocodia raises $2.8M via Series C convertible preferred; Series D preferred for reverse split vote
Vocodia Holdings Corp
- Sold 2,800 Series C convertible preferred shares at $1,000 each for $2.8M; conversion price initial $0.15/share.
- Issued 20,000 Series D preferred shares (total $2) with 10,000 votes each for reverse split vote.
- Closing condition: CBOE approval for continued listing after August 8 hearing; must meet minimum bid price.
- Series C carries 8% dividend, 120% liquidation preference, and redemption at 130% upon triggering events.
- Company will seek stockholder approval within 60 days to allow conversion below floor price.