{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-012768","form_type":"8-K","ticker":null,"cik":"0001538217","company_name":"SRAX, Inc.","filed_at":"2024-04-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.893018+00:00","generated_at":"2026-06-04T03:32:23.937764+00:00","sec_items":["5.03","9.01"],"event_type":"other","sentiment":"negative","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"medium","headline":"SRAX amends Series B Preferred stock designation, removes shareholder approval for issuance","bullets":["Filed Certificate of Amendment to Series B Preferred Certificate of Designation on March 27, 2024.","Removed requirement for shareholder approval per NASDAQ rules; removed Section 6(d) restricting issuance without approval.","Added OTCQB, OTCQX, OTC Pink as permissible trading markets for the stock.","Added Section 7(C) covering subsequent equity sales, easing future share issuances."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-012768","json":"https://secwatch.observer/filing/0001493152-24-012768.json","markdown":"https://secwatch.observer/filing/0001493152-24-012768.md","text":"https://secwatch.observer/filing/0001493152-24-012768.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1538217/000149315224012768/0001493152-24-012768-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1538217/000149315224012768/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T03:32:23.937764+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3bf150db867469e2fdbecb6c5eff6b96cb051536","claim":"SRAX, Inc.: Certificate of Amendment to Certificate of Designation of Series B Preferred Stock, removing shareholder approval requirement, adding OTCQB/OTCQX/Pink trading markets, removing Section 6(d), and adding Section 7(C) (effective 2024-03-27).","evidence_excerpt":"On March 27, 2024 SRAX Inc (the “Company”) filed a Certificate of Amendment to its Certificate of Designation of its Series B of Preferred Stock (the “Certificate of Designation”) with the Secretary of State of Delaware, modifying certain provisions of the Certificate of Designation. The modifications include the removal of the need for Shareholder Approval per the NASDAQ rules. The addition of OTCQB, OTCQX and OTC Pink as a trading market. The removal of section 6 (d) removing the need for shareholder approval to issue shares to the holder. The addition of section 7 ( C ) Subsequent Equity Sales","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1538217/000149315224012768/0001493152-24-012768-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-03-27"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}