other_material
confidence high
sentiment neutral
materiality 0.50
NetBrands creates Series B Preferred Stock convertible into common shares
NetBrands Corp.
- 25,000 shares of Series B Preferred authorized as of September 8, 2025.
- Series B has no voting, dividend, or liquidation rights except as required by law.
- Each Series B share is convertible at holder's option into 1,000 shares of common stock.
- Potential conversion into up to 25,000,000 common shares if all Series B converted.
item 5.03item 9.01