other material
confidence high
sentiment neutral
materiality 0.40
VoIP-Pal.com increases Series A Preferred to 800K shares, issues 121,611 shares to CEO, authorizes 5B common shares
Voip-pal.com Inc
- Amendment filed March 6, 2023 increasing Series A Preferred from 475,000 to 800,000 authorized shares.
- Issued 121,611 Series A shares to CEO Emil Malak at $0.10/share for $12,161 total under Regulation S exemption.
- Series A shares carry 1,550 votes per share; no dividends; non-convertible; non-transferable without consent.
- Board and stockholders approved increase in authorized common stock from 3.5B to 5B shares.
- After issuance, 200,000 preferred shares remain authorized and un-designated.