other material
confidence high
sentiment neutral
materiality 0.60
MARA Holdings issues 13M Series X Preferred shares to director for $1,300 to vote on share increase
MARA Holdings, Inc.
- Issued 13M Series X Preferred to lead director Douglas Mellinger for $1,300 total ($0.0001 per share).
- Preferred shares carry 1,000 votes each solely on proposal to increase authorized common from 500M to 800M.
- Votes cast automatically in same proportion as common stock votes; not counted for quorum.
- Shares non-convertible, no dividends, no liquidation rights; redeemable at $1,300 after vote or at board's discretion.
- Private placement under Section 4(a)(2); Subscription Agreement filed as Exhibit 10.1.