other material
confidence high
sentiment neutral
materiality 0.50
Provectus redeems 11.4M Series D shares for 1.14M Series D-1 shares; authorized share counts amended
PROVECTUS BIOPHARMACEUTICALS, INC.
- VP and President Dominic Rodrigues forfeits 11,416,262 Series D Preferred shares for 1,141,626 Series D-1 shares.
- Series D authorized shares reduced from 12,374,000 to 957,100; Series D-1 increased from 11,241,000 to 23,042,900.
- Company states new Series D-1 shares are economically equivalent to the forfeited Series D shares.
- Amendments to certificates of designation filed with Delaware Secretary of State on June 24, 2024.