Yunhong CTI issues 170,000 Series D preferred shares to ICY Mellon for $1.5M, with warrant for 128,572 common shares

YUNHONG GREEN CTI LTD.

Issued 170,000 Series D Convertible Preferred shares to ICY Mellon LLC for $1.5M ($8.824/share).
Series D pays 8% annual dividend (cash or stock), stated value $10/share, convertible at $1.00 per common share.
Warrant to buy up to 128,572 common shares at lower of $1.75 or 85% of 10-day VWAP.
Holders get 4.65 votes per share on as-converted basis; liquidation preference $10/share plus dividends.
Company must obtain shareholder approval for issuance; filed Certificate of Designations for Series D.

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