other_material
confidence high
sentiment neutral
materiality 0.50
Cyberloq creates Series B Preferred Stock convertible 1:1,000 upon company sale
CYBERLOQ TECHNOLOGIES, INC.
- Authorized 50,000 shares of Series B Preferred Stock at $0.001 par value.
- Series B has no voting rights, no dividends, and no liquidation preference (pari passu with common).
- Each Series B share automatically converts into 1,000 common shares upon a sale of the company.
- Amendment approved by majority of voting securities on May 29, 2025.
- Filed with Nevada Secretary of State; modification to articles of incorporation.
item 3.03