Rego Payment Architects increases authorized Series B preferred shares by 50,000

REGO PAYMENT ARCHITECTURES, INC.

Filed amendment with Delaware Secretary of State on Jan 27, 2025 increasing authorized Series B Cumulative Convertible Preferred Stock from 347,222 to 397,222 shares.
No changes to preferences, rights, or limitations of the Series B preferred stock other than the authorized share count.
Amendment filed as Exhibit 3.1 to the 8-K; no other corporate changes reported.
Reason for increase not disclosed; likely to allow future conversions or additional issuances.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

REGO PAYMENT ARCHITECTURES, INC.: Increased authorized Series B Cumulative Convertible Preferred Stock from 347,222 to 397,222 shares via an amendment to the Certificate of Designation (effective 2025-01-27).

Change: charter amendment
Effective: 2025-01-27

Exact text from the filing

On January 27, 2025, Rego Payment Architectures, Inc. (the “Company”) filed with the Delaware Secretary of State an Amendment to Certificate of Designation of Preferences, Rights and Limitations of Series B Cumulative Convertible Preferred Stock, pursuant to which the amount of authorized Series B Cumulative Convertible Preferred Stock was increased from 347,222 shares to 397,222 shares.

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REGO PAYMENT ARCHITECTURES, INC. filing history →

Source: SEC EDGAR

accession 0001214659-25-001469

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