secwatch.observer — SEC 8-K summary
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Issuer:     Titan Environmental Solutions Inc. (—)
CIK:        0001514056
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001493152-24-013229
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Titan Environmental Solutions creates Series B Convertible Preferred Stock, no shares issued
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- Authorized 1,360,000 shares of Series B Convertible Preferred Stock with $10.00 stated value.
- Series B ranks senior to Series A and common for dividends and liquidation.
- Dividend rate 10% per annum (15% upon triggering event); redemption at 130% of stated value.
- Holders have conversion rights and consent rights over adverse charter/bylaw amendments.
- As of April 4, 2024, no shares of Series B have been issued.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514056/000149315224013229/0001493152-24-013229-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514056/000149315224013229/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-013229

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer