secwatch.observer — SEC 8-K summary
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Issuer:     QDM International Inc. (QDMI)
CIK:        0001094032
Form:       8-K
Filed at:   2024-10-10T23:59:59+00:00
Accession:  0001213900-24-086893
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

QDM International issues 6M Series B shares to CEO in exchange for $600K debt cancellation
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- CEO Huihe Zheng receives 6,000,000 Series B Preferred Shares at $0.10/share, cancelling $600,000 of debt owed by company.
- Series B shares each carry 100 votes per share, are not convertible, and have no dividend or redemption rights.
- Company amends articles to increase authorized Series B shares from 2,000,000 to 10,000,000 shares.
- The issuance is unregistered, exempt under Section 4(a)(2) of the Securities Act.
- Total debt owed to CEO is $1,412,277; only $600,000 is being cancelled in this transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1094032/000121390024086893/0001213900-24-086893-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1094032/000121390024086893/ea0217121-8k_qdminter.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-086893

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