BOXABL eliminates Deemed Liquidation Event provisions from articles of incorporation

BOXABL Inc.

Seventh Amended and Restated Articles filed, effective August 20, 2025.
Removes automatic liquidation preference triggers for preferred stock in mergers, consolidations, or asset sales.
Approval obtained from majority voting power via shares controlled by directors Paolo Tiramani and Galiano Tiramani.
Preferred stockholders no longer entitled to liquidation preference in going-concern transactions.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

BOXABL Inc.: Eliminated the 'Deemed Liquidation Event' provision from the Articles of Incorporation, so mergers, consolidations, share exchanges, or asset sales will no longer automatically trigger liquidation preference rights for Preferred Stockholders (effective 2025-08-20).

Change: charter amendment
Effective: 2025-08-20

Exact text from the filing

As discussed in the Definitive Information Statement filed on July 7, 2025, BOXABL INC. (the “Company”) has filed its Seventh Amended and Restated Articles of Incorporation (the “7 th A&R Articles”) and related Certificate to Accompany the Amended and Restated Articles with the Nevada Secretary of State pursuant to Nevada Revised Statutes 78.390 and 78.403, with an effective date of August 20, 2025.

View on SEC.gov

Browse all governance changes →

Source: SEC EDGAR

accession 0001641172-25-025205

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.