other material
confidence high
sentiment neutral
materiality 0.40
TurnOnGreen amends Series A Preferred: dividends waived, liquidation preference raised to 125%
TurnOnGreen, Inc.
- Series A COD Amendment approved August 9, 2024 by preferred holder and board; filed with Nevada Secretary of State.
- Holder (a related party) waived all accrued and future dividends on Series A Convertible Redeemable Preferred Stock.
- Liquidation preference increased from 100% to 125% in exchange for the dividend waiver.
- Amendment constitutes a material modification to rights of security holders under Item 3.03.