Lightbridge issues Series X Preferred Stock to director to secure vote on authorized share increase

LIGHTBRIDGE Corp

One share of Series X Preferred Stock issued to Audit Committee chair Jesse Funches for $100 on Feb 27, 2025.
Series X carries 25M votes solely on proposal to increase authorized common stock from 25M to 100M.
Voting mirrors common vote proportion; preferred stock has no other voting, dividend, or liquidation rights.
Series X Preferred Stock will be redeemed for $100 after the stockholder vote on the authorized share increase.
Certificate of Designation filed with Nevada Secretary of State; issuance exempt under Section 4(a)(2).

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