other material
confidence high
sentiment neutral
materiality 0.60
I-ON Digital eliminates old Series A preferred, boosts New Series A voting to 10,000 votes per share
I-ON Digital Corp.
- Eliminated Series A Convertible Preferred Stock established in 2015; New Series A (filed Sept 30, 2024) remains.
- Increased New Series A voting rights from 100 to 10,000 votes per share to match 10,000:1 common conversion ratio.
- Amendments filed with Delaware Secretary of State effective September 4, 2024.
- This change concentrates voting control among New Series A holders.