other material
confidence high
sentiment neutral
materiality 0.35
VoIP-Pal increases authorized common to 9B and preferred to 2M shares; Series A gets extra 500K
Voip-pal.com Inc
- Board and majority holders approved increase in authorized common from 8B to 9B shares and preferred from 1M to 2M shares.
- Additional 500K shares of preferred designated as Series A; each share has 1,550 votes, no dividends, no liquidation rights, non-transferable.
- Increases will not take effect until at least 20 days after definitive information statement sent to non-consenting stockholders.
- After preferred increase, Company will file amendment designating additional 500K Series A shares, raising total Series A to 1.5M.
- No other financial or operational news; this is a capital structure adjustment.