other material
confidence high
sentiment neutral
materiality 0.50
Royalty Management Holding creates 5M shares of 5% Series A Preferred Stock
Royalty Management Holding Corp
- 5M shares of Series A Preferred designated; 5% annual dividend (cash or accrued at company's discretion).
- Convertible into common at $1.70/share (0.588235 common per preferred); auto-conversion if common >=$4.00 for 30 days.
- No voting rights except on adverse changes; liquidation preference $1.00/share senior to common.
- Preferred ranks senior to common on liquidation; filed with Delaware Secretary of State.