other_material
confidence high
sentiment neutral
materiality 0.35
Thumzup Media designates Series C Convertible Preferred Stock with $60 stated value
Datacentrex, Inc.
- Filed Certificate of Designation for 200,000 shares of Series C Convertible Preferred Stock at $60.00 stated value per share.
- Series C ranks junior to Series A and B Preferred, senior to Common Stock and any future preferred.
- Holders vote on as-converted basis; beneficial ownership limited to 4.99% or 9.99% at holder's option.
- Conversion price subject to equitable adjustment for stock splits, reverse splits, and similar events.
- On liquidation, Series C holders share net assets on as-converted basis, subordinate to Series A and B.
item 5.03item 9.01