secwatch.observer — SEC 8-K summary
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Issuer:     YUNHONG GREEN CTI LTD. (YHGJ)
CIK:        0001042187
Form:       8-K
Filed at:   2021-12-07T23:59:59+00:00
Accession:  0001437749-21-028020
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042187/000143774921028020/0001437749-21-028020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042187/000143774921028020/ctib20211206_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-028020

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