Titan Environmental Solutions secures $1M via Series C Preferred Stock issuance to accredited investors

Titan Environmental Solutions Inc.

Issued 500,000 Series C Convertible Preferred shares at $2.00/share to five accredited investors for $1M.
Proceeds to be used for working capital and paying outstanding payables.
Series C Preferred has stated value $2.40, convertible to common at $0.05/share, subject to 4.99% ownership cap.
Director Frank Celli among purchasers; terms include adjustment if future public offering is at lower price.
Certificate of Designation filed authorizing up to 6.5M Series C shares.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Titan Environmental Solutions Inc.: Filed Certificate of Designation creating Series C Convertible Preferred Stock (effective 2025-03-06).

Change: charter amendment
Effective: 2025-03-06

Exact text from the filing

On March 6, 2025, the Company filed a Certificate of Designation of the Preferences of Preferred Stock (the “Certificate of Designation”) pursuant to which it authorized the issuance of up to 6.5 million shares of Series C Preferred Stock and created the terms of the Series C Preferred Stock.

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Source: SEC EDGAR

accession 0001493152-25-010087

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