---
schema_version: "secwatch.filing_event.v1"
accession: "0001393905-24-000191"
form_type: "8-K"
ticker: "IWAL"
cik: "0001498372"
company_name: "iWallet Corp"
filed_at: "2024-05-24T23:59:59+00:00"
generated_at: "2026-06-01T08:40:48.462915+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# iWallet creates Series A and Series B preferred; Series B holds 2/3 voting control

## Summary
- Filed Certificate of Designation for 14M shares of Series A Preferred, convertible to common after 6 months (max 12.5%/quarter), no voting or dividend preference.
- Filed Certificate of Designation for 1M shares of Series B Preferred with super-voting rights ensuring two-thirds of total voting power, no conversion or dividend preference.
- Series B Preferred effectively grants holders permanent control of two-thirds of shareholder votes, regardless of common stock outstanding.

## SEC filing metadata
- accession: 0001393905-24-000191
- form_type: 8-K
- ticker: IWAL
- cik: 0001498372
- company_name: iWallet Corp
- filed_at: 2024-05-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1498372/000139390524000191/0001393905-24-000191-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1498372/000139390524000191/iwal-20240521.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393905-24-000191
- JSON: https://secwatch.observer/filing/0001393905-24-000191.json
- Plain text: https://secwatch.observer/filing/0001393905-24-000191.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.