---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-050186"
form_type: "8-K"
ticker: "FUNI"
cik: "0001502966"
company_name: "Hypha Labs, Inc."
filed_at: "2024-12-16T23:59:59+00:00"
generated_at: "2026-05-29T02:53:24.245943+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CEO acquires Series C Preferred shares with super-voting rights; approved 3.5x increase in authorized shares

## Summary
- On Dec 10, 2024, CEO A. Stone Douglass purchased 1,000 shares of Series C Preferred at $0.10/share, each carrying 200,000 votes.
- Series C shares are not convertible, pay no dividends, are non-redeemable, and have a $0.10/share liquidation preference.
- Purpose: to allow CEO to vote a majority to amend Articles to increase authorized common from 250M to 880M and preferred from 10M to 70M.
- Amendment approved by written consent of CEO as sole Series C holder; effective upon filing with Nevada Secretary of State.
- Sale was exempt from registration under Section 4(a)(2) of the Securities Act.

## SEC filing metadata
- accession: 0001493152-24-050186
- form_type: 8-K
- ticker: FUNI
- cik: 0001502966
- company_name: Hypha Labs, Inc.
- filed_at: 2024-12-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.07, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1502966/000149315224050186/0001493152-24-050186-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1502966/000149315224050186/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-050186
- JSON: https://secwatch.observer/filing/0001493152-24-050186.json
- Plain text: https://secwatch.observer/filing/0001493152-24-050186.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.