other_material
confidence high
sentiment neutral
materiality 0.60
AYRO creates Series I Convertible Preferred Stock (up to 875k shares) and amends Series H-7 terms
Fabric.AI, Inc.
- Issued 7,000 shares of Series I Preferred, $1,000 stated value, convertible into 875,000 common shares at $8.00 per share.
- Also issued warrants to purchase up to 875,000 common shares at $8.00 per share.
- Series I Certificate of Designations filed with Delaware on August 6, 2025.
- Series H-7 maturity extended to February 4, 2027; dividend and installment payment dates revised.
- Definition of 'Excluded Securities' in Series H-7 Purchase Agreement modified via Certificate of Amendment.