other material
confidence high
sentiment neutral
materiality 0.45
Vivos designates 1M Series D preferred with $1.00 stated value, $0.08 conversion price and 50 votes per share
VIVOS INC
- Certificate of Designations filed with Delaware on Sept 28, 2026 designates 1.0M of the company's 10.0M authorized preferred shares as Series D Convertible Preferred, par value $0.001.
- Each Series D share carries a $1.00 stated value and $1.00 liquidation preference, convertible at $0.08 per common share — 12.5 shares per preferred, up to 12.5M common shares.
- Series D ranks senior to the common stock and all other junior equity, and votes alongside common at 50 votes for every common share issuable upon conversion.
- Conversion is capped at 4.99% beneficial ownership, or 9.99% after 61 days' prior written notice to the company; holders may convert at any time.
- The filing discloses no dividend rate, purchase price, or investor identity for the Series D issuance; CEO Michael K. Korenko signed the report dated Oct 5, 2026.