Authentic Holdings converts $2M insider debt to equity; Series E Preferred can become 55% of common

Authentic Holdings, Inc.

President Giordano and CEO Serbiak converted $2M aggregate debt into Series E Preferred, common shares, and secured notes.
Giordano: $1.5M debt for 50,910 Series E shares, 350M common shares, and $227,209 secured note.
Serbiak: $500K debt for 29,090 Series E shares, 35M common shares, and $22,702 secured note.
Series E Preferred has no voting rights, $25 liquidation preference, and converts to 55% of common upon uplist and $1M net income.
All shares issued in unregistered exempt transaction; security holder rights materially modified.

item 1.01 item 3.02 item 3.03 item 5.03 item 9.01

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

Authentic Holdings, Inc.: Board designated Series E Preferred Stock via Certificate of Designation filed with Nevada Secretary of State (effective 2025-03-13).

Change: charter amendment
Effective: 2025-03-13

Exact text from the filing

On March 13, 2025, pursuant to our Articles of Incorporation, our Board of Directors voted to designate a class of preferred stock entitled Series E Preferred Stock, consisting of up to eighty thousand (80,000) shares.

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Authentic Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001477932-25-001689

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