secwatch.observer — SEC 8-K summary
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Issuer:     Hypha Labs, Inc. (FUNI)
CIK:        0001502966
Form:       8-K
Filed at:   2022-07-26T23:59:59+00:00
Accession:  0001493152-22-020337
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digipath sells 1,000 Series C Preferred shares to President Todd Denkin at $0.10/share
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- President Todd Denkin purchased 1,000 shares of Series C Preferred Stock for $100 total ($0.10 per share).
- Each Series C share grants 200,000 votes to executive officers, but no conversion, dividends, or redemption rights.
- Series C has liquidation preference over common stock at stated value of $0.10 per share.
- Board approved Certificate of Designation filed July 20, 2022; company cites limited financial resources as rationale.
- The sale may enable future strategic transactions on an expedited basis, according to the Board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1502966/000149315222020337/0001493152-22-020337-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1502966/000149315222020337/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-020337

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer