White River Energy authorizes Series D Convertible Preferred Stock at $5,000 stated value

White River Energy Corp.

Board approved and filed Certificate of Designation for up to 250 shares of Series D Convertible Preferred Stock.
Stated value $5,000/share; convertible into common at $1.00 per share subject to 4.99% beneficial ownership cap.
Ownership cap can be increased to 9.99% upon 61 days' notice; Series D carries no voting rights.
No shares were issued in connection with the filing; no pricing or funding details provided.

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

White River Energy Corp.: Filing of Certificate of Designation for Series D Convertible Preferred Stock (effective 2024-10-04).

Change: charter amendment
Effective: 2024-10-04

Exact text from the filing

On October 4, 2023, the Board of Directors of the Company approved, and the Company filed with the Nevada Secretary of State, the Certificate of Designation authorizing the issuance of up to 250 shares of Series D Convertible Preferred Stock

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Source: SEC EDGAR

accession 0001493152-23-036915

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