other material
confidence high
sentiment negative
materiality 0.70
Mangoceuticals subsidiary creates Series A Preferred Stock granting CEO 51% voting control
MANGOCEUTICALS, INC.
- Series A Preferred Stock of M&P subsidiary gives holders 51% of total vote on all shareholder matters.
- 100 shares designated; expected to be issued to CEO Jacob Cohen under his employment agreement.
- M&P cannot amend charter or issue more shares without 66-2/3% approval of Series A holders.
- Designation filed Jan 9, 2025, effective same date; filed with Texas SOS on Jan 15.