other material
confidence high
sentiment neutral
materiality 0.75
Winvest Group cancels 550M common shares, exchanges preferred; outstanding shares drop 86% to ~85M
Winvest Group Ltd
- Rescinded and canceled 550,000,000 common shares held by directors; returned 11,000,000 Series A Preferred to authorized.
- Issued 9,200,000 common shares to Infinity Fund Australia in exchange for 9,200,000 Series A Preferred.
- Net effect: common shares outstanding reduced to 85,159,075 from 635,159,075.
- Series A Preferred shares increased to 226,688,680 from 215,688,680.