secwatch.observer — SEC 8-K summary
======================================

Issuer:     Vemanti Group, Inc. (VMNT)
CIK:        0001605057
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001477932-24-001521
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1605057/000147793224001521/0001477932-24-001521-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1605057/000147793224001521/vmnt_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-001521

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer