other material
confidence high
sentiment neutral
materiality 0.50
Dynamic Aerospace creates Series A.1 and D.1 preferred stock; corrects corporate name
DYNAMIC AEROSPACE SYSTEMS Corp
- Designated 25M shares each of Series A.1 (stated value $0.015, 10:1 voting, convertible 1:3) and Series D.1 (par $0.0001, 1:1 voting, convertible 1:1 after 6-month lockout in six tranches).
- Series A.1 has liquidation preference equal to stated value plus unpaid dividends; Series D.1 has no liquidation preference.
- Both series redeemable by company at closing bid price prior to conversion; Series D.1 conversion subject to 6-month hold and monthly tranches.
- Company filed Certificate of Correction on Jan 5, 2026 to change name to Dynamic Aerospace Systems Corporation per Nevada law.