Digipath exchanges 278K Series A for Series B preferred, raises $55.6K

Hypha Labs, Inc.

Exchanged 278,000 shares of Series A Preferred for 278,000 shares of Series B Preferred with an institutional investor.
Investor purchased 55,600 additional Series B shares at $1.00 per share, gross proceeds $55,600.
Series B Preferred has a stated value of $1.00 and is convertible into common stock at $0.04 per share.
Series B Preferred ranks senior to common stock upon liquidation, entitled to $1.00 per share.
Transactions were unregistered, relying on Section 3(a)(9) for exchange and Rule 506 for cash sale.

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