SKYX cancels 20M Series A Preferred Stock designation, no shares outstanding

SKYX Platforms Corp.

Company filed Articles of Amendment to cancel 20M shares of Series A Convertible Preferred Stock.
No shares of Series A Convertible Preferred Stock were issued or outstanding as of May 2, 2023.
All designated shares revert to authorized but undesignated preferred stock.
Amendment effective immediately upon filing with Florida Department of State.

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

SKYX Platforms Corp.: Cancelled, withdrew and terminated the designation of 20,000,000 shares of authorized preferred stock as Series A Convertible Preferred Stock; shares returned to undesignated status (effective 2023-05-02).

Change: charter amendment
Effective: 2023-05-02

Exact text from the filing

On May 2, 2023, SKYX Platforms Corp. (the “Company”) filed with the Division of Corporations of the Florida Department of State Articles of Amendment to the Articles of Incorporation of the Company (the “Articles of Amendment”) to cancel, withdraw and terminate the designation of 20,000,000 shares of the Company’s authorized preferred stock as “Series A Convertible Preferred Stock.”

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SKYX Platforms Corp. filing history →

Source: SEC EDGAR

accession 0001493152-23-015602

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