secwatch.observer — SEC 8-K summary
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Issuer:     DYNAMIC AEROSPACE SYSTEMS Corp (BRQL)
CIK:        0001854526
Form:       8-K
Filed at:   2025-06-25T23:59:59+00:00
Accession:  0001477932-25-004790
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BrooQLy Inc. creates four series of preferred stock with distinct voting, conversion, and liquidation terms
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- Series A: 25M shares, $0.015 stated value, 10:1 voting, convertible 1:3 common, liquidation preference.
- Series B: 100 shares, $1 stated value, voting power equal to 200% of total other stock, convertible 1:1 upon director removal.
- Series C: 329,289 shares, 1:1 voting, no liquidation pref, convertible 1:1.5 after 6-month lockup in 6 tranches.
- Series D: 115,502 shares, 1:1 voting, no liquidation pref, convertible 1:1 after 6-month lockup in 6 tranches.
- All series may be redeemed by the Company at closing bid price prior to conversion; Series B has unique director-linked conversion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854526/000147793225004790/0001477932-25-004790-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854526/000147793225004790/brql_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-004790

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