secwatch.observer — SEC 8-K summary
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Issuer:     Shepherd's Finance, LLC (—)
CIK:        0001544190
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001493152-24-015576
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shepherd's Finance effects 100-for-1 split of Series C Preferred Units, amends conversion rights
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- Effective March 31, 2024, every Series C Preferred Unit reclassified into 100 units via a 100-for-1 split.
- Authorized Series C Preferred Units increased to 20,000; up to 8,000 reserved for Preferred Unit Reinvestment Program.
- After a 12-month notice period, holders may convert Series C Preferred Units to common units on a 1-for-1 basis, replacing prior redemption right.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1544190/000149315224015576/0001493152-24-015576-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1544190/000149315224015576/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-015576

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