GivBux issues 1M super-voting Series C Preferred shares to founder to cancel $1K debt

GIVBUX, INC.

Issued 1,000,000 restricted Series C Preferred shares to founder Kenyatto M. Jones.
Each share carries 5,000 votes; shares are not convertible into common stock.
Consideration was $1,000 through cancellation of debt owed by the Company to Mr. Jones.
Transaction occurred on May 29, 2026; reported as an unregistered sale of equity.
Founder's voting control significantly increased via super-voting preferred stock.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

GIVBUX, INC. issued One Million (1,000,000) restricted shares of preferred stock to Kenyatto M. Jones for $1,000 in the form of cancellation of debt.

Security: preferred stock
Shares: One Million (1,000,000) restricted shares
Purchaser: Kenyatto M. Jones
Consideration: $1,000 in the form of cancellation of debt

Exact text from the filing

super-voting at the rate of Five Thousand (5,000) votes per share and is not convertible into common shares of the Company. The consideration paid by Mr. Jones was the sum of $1,000 in the form of cancellation of debt owed by the Company to Mr. Jones. The foregoing discussion of the description of the voting powers, designations, preferences, limitations,

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Source: SEC EDGAR

accession 0001640334-26-001001

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