other material
confidence high
sentiment positive
materiality 0.70
Cytta Corp. raises $2.96M via Series F Preferred Stock, trading approved on OTCQB
CYTTA CORP.
- Sold 59.27M Series F Preferred shares at $0.05/share for total proceeds of $2,963,500.
- Each Preferred share is convertible into one common share at any time, or automatically if common stock trades >$0.20 avg for 20 consecutive days.
- Preferred shares carry one vote per share and accrue a 10% annual dividend payable quarterly in cash or common stock.
- Company's common stock approved for trading on OTCQB Venture Market under symbol CYCA effective Nov 24, 2021.
- Certificate of Designation for Series F Preferred Stock filed with Nevada Secretary of State.