BTCS declares 1:1 stock dividend of Series V Preferred Stock (Voucher) to common holders

BTCS Inc.

Declared 1:1 stock dividend of Series V Convertible Preferred Stock to all common shareholders; record & payment dates TBD.
Each Series V share convertible into one common share listed on a blockchain-based exchange, subject to approvals.
Series V has no voting rights, no dividends; redeemable after 1 year at $0.001/share; conversion deadline Dec 31, 2024.
Dividend contingent on DTC CUSIP, Exchange listing, and Board may decide not to proceed; see risk factors.

Key facts

Extracted from this filing and checked against the source text.

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

BTCS Inc.: Created Series V Convertible Preferred Stock and filed Certificate of Designation with Nevada, amending the articles of incorporation.

Change: charter amendment

Exact text from the filing

created a new series of convertible preferred stock, designated Series V Convertible Preferred Stock (the “Voucher”), and plans to distribute these Vouchers to each and every shareholder of record as of a to be announced record date.

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BTCS Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-003060

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