secwatch.observer — SEC 8-K summary
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Issuer:     MARA Holdings, Inc. (MARA)
CIK:        0001507605
Form:       8-K
Filed at:   2025-01-10T23:59:59+00:00
Accession:  0001493152-25-001560
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MARA Holdings issues 13M Series X Preferred shares to director for $1,300 to vote on share increase
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1507605/000149315225001560/0001493152-25-001560-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1507605/000149315225001560/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-001560

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