Vemanti Group creates Series B Convertible Preferred Stock with 10M shares, conversion rights

Vemanti Group, Inc.

Created 10,000,000 shares of Series B Convertible Preferred Stock, par value $0.0001 per share.
No dividends on Series B until uplisting to a senior securities exchange.
Holders may convert shares into common stock at defined Conversion Price, subject to 9.99% beneficial ownership cap.
Series B Preferred ranks senior to common stock and Series A Preferred, junior to any future senior series.
Holders have voting rights on as-converted basis and special class vote on certain corporate actions.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Vemanti Group, Inc.: Filed a certificate of designation establishing Series B Convertible Preferred Stock with rights, preferences, and limitations (effective 2024-03-27).

Change: charter amendment
Effective: 2024-03-27

Exact text from the filing

On March 27, 2024, Vemanti Group, Inc., a Nevada Corporation (the “ Company ”) filed a certificate of designation of its Series B Convertible Preferred Stock, par value $0.0001 per share, (the “ Series B Preferred Stock ”) with the Nevada Secretary of State (the “ Series B Certificate of Designation ”).

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Vemanti Group, Inc. filing history →

Source: SEC EDGAR

accession 0001477932-24-001521

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