secwatch.observer — SEC 8-K summary
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Issuer:     Accredited Solutions, Inc. (ASII)
CIK:        0001464865
Form:       8-K
Filed at:   2022-10-13T23:59:59+00:00
Accession:  0001477932-22-007600
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Accredited Solutions exchanges 33.2M common shares for 13,000 Series A preferred shares with super voting rights
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- Three insider exchange agreements: Deneault (5,500 preferred), Newlan (5,500), Sluss (2,000) for 33,166,670 common shares cancelled.
- Series A preferred carry voting rights equal to 2x the sum of outstanding common and other preferred shares outstanding.
- Each preferred share convertible into 0.001% of outstanding common at conversion; 1,000 shares convert to 1% of common.
- Certificate of Designation creates 15,000 Series A shares; dividends and liquidation treated pari passu with common.
- Exchange expected to close October 13, 2022; exchanged common shares returned to authorized but unissued status.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1464865/000147793222007600/0001477932-22-007600-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1464865/000147793222007600/ghmp_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-007600

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