secwatch.observer — SEC 8-K summary
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Issuer:     LIGHTBRIDGE Corp (LTBR)
CIK:        0001084554
Form:       8-K
Filed at:   2025-03-03T23:59:59+00:00
Accession:  0001477932-25-001398
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084554/000147793225001398/0001477932-25-001398-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084554/000147793225001398/ltbr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-001398

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