other material
confidence high
sentiment neutral
materiality 0.50
Idaho Copper creates Series C Preferred Stock for convertible note up to $3M
Idaho Copper Corp
- Designated 2.5M shares of Series C Preferred, par value $0.001, stated value $5.00 per share.
- Issuable upon conversion of a convertible promissory note with original principal up to $3M.
- No dividend rights unless declared by board; liquidation preference of $5.00 per share before common.
- Conversion price determined by independent valuation firm; holders vote with common on as-converted basis.