other material
confidence high
sentiment negative
materiality 0.90
World Health Energy increases authorized shares to 750B; issues 387B shares to directors
WORLD HEALTH ENERGY HOLDINGS, INC.
- Amendment raises authorized common stock from 110B to 750B shares and cuts par value to $0.00001 per share.
- Company will issue 387B shares to UCG, Inc. upon conversion of all 3.87M Series B Convertible Preferred shares.
- UCG is owned jointly by directors Gaya Rozensweig and George Baumeohl; Series B was issued in April 2020 for the RNA acquisition.
- Conversion effective as of October 7, 2021, the date the amendment was filed.