Cryptyde declares Series A Preferred Stock dividend with voting rights on reverse split and share increase

Eightco Holdings Inc.

Dividend of 1/1,000th of a share of Series A Preferred Stock per common share; record date Jan 27, 2023, payable Jan 30, 2023.
Each Series A share has 1,000,000 votes (1,000 per 1/1,000th share), voting only on reverse stock split, share increase to 500M, and adjournment.
Preferred shares cannot be transferred except together with common stock; uncertificated book-entry form.
Shares not present at the meeting automatically redeemed; remaining redeemed upon stockholder approval of proposals, with limited cash consideration.
Liquidation preference of $0.001 per share, senior to common; no dividend rights or conversion.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Eightco Holdings Inc.: Board declared a dividend of Series A Preferred Stock, with terms including voting rights on charter amendments (Reverse Stock Split and Share Increase Proposal) and redemption provisions, affecting stockholders' rights (effective 2023-01-17).

Change: charter amendment
Effective: 2023-01-17

Exact text from the filing

On January 17, 2023, the board of directors (the “ Board ”) of Cryptyde, Inc. (the “ Company ”) declared a dividend of one one-thousandth of a share of Series A Preferred Stock, par value $0.001 per share (“ Series A Preferred Stock ”), for each outstanding share of the Company’s common stock, par value $0.001 per share (“ Common Stock ”) to stockholders of record at 5:00 p.m. Eastern Time on January 27, 2023 (the “ Record Date ”).

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Source: SEC EDGAR

accession 0001493152-23-002053

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