other material
confidence high
sentiment neutral
materiality 0.55
Ensysce Biosciences amends Series C preferred certificate to remove holder cash redemption provision
Ensysce Biosciences, Inc.
- On September 25, 2026, Ensysce Biosciences amended the Series C Certificate of Designation to remove Section 6.5.3 and related references.
- Section 6.5.3 had allowed holders to redeem Series C Preferred for cash after stockholder approval of conversion if Common Stock delivery failed, at then-current fair value.
- The amendment was effective upon filing; a Certificate of Correction had been filed on August 6, 2026 after the original August 5, 2026 Series C designation.
- Ensysce filed the amendment as Exhibit 3, and CEO Lynn Kirkpatrick signed the report on September 29, 2026.
- The Series C Preferred Stock and Common Stock each have par value $0.0001 per share; Common Stock trades as ENSC on Nasdaq.