other material
confidence high
sentiment neutral
materiality 0.50
Waterside Capital files certificate of designations for Series A preferred stock with conversion to common
Metavesco, Inc.
- Authorizes 100 shares of Series A preferred stock with $50,000 stated value per share.
- Each Series A share is convertible into 100,000 common shares, subject to 9.99% equity blocker.
- Series A preferred stock has no voting rights and is not entitled to dividends.
- Conversion rights may dilute existing common shareholders if exercised.
- No change to fiscal year or other bylaws; sole action is creation of Series A.