other material
confidence high
sentiment neutral
materiality 0.30
AB International Group raises $115,000 net via sale of Series C Convertible Preferred Stock
AI Era Corp.
- Sold 147,775 Series C Convertible Preferred shares to Geneva Roth Remark Holdings for $128,500; net proceeds $115,000 after expenses.
- Proceeds to be used for general working capital purposes.
- Conversion of preferred shares reserved 112,590,476 common shares; conversion capped at 4.99% beneficial ownership.
- Outstanding common shares: 328,103,030 as of June 2022.