secwatch.observer — SEC 8-K summary
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Issuer:     SHARING SERVICES GLOBAL Corp (—)
CIK:        0001644488
Form:       8-K
Filed at:   2023-09-05T23:59:59+00:00
Accession:  0001493152-23-031570
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sharing Services Global exchanges $26.2M promissory note for 26,000 Series D Preferred shares
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- $26,169,367.33 in principal and interest cancelled in exchange for 26,000 Series D Preferred shares.
- Series D carries 25% cumulative dividend on operating income, redeemable at $1,000/share from Sep 2028.
- Holders of >50% of Series D can designate up to 28.5% of Board seats and veto certain actions.
- Issuance was exempt from registration under Section 3(a)(9) of the Securities Act.
- Certificate of Designation for Series D Preferred Stock filed with Nevada on August 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1644488/000149315223031570/0001493152-23-031570-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1644488/000149315223031570/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-031570

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