other
confidence high
sentiment neutral
materiality 0.40
MDwerks issues 14.25M shares of common stock upon conversion of Series A Preferred held by Tradition Reserve I LLC
MDWerks, Inc.
- Issued 14,250,000 common shares upon conversion of 142,500 Series A Preferred shares held by Tradition Reserve I LLC.
- Conversion exempt from registration under Securities Act Section 3(a)(9); no commission paid.
- Following conversion, common shares outstanding: 122,260,208; Series A Preferred outstanding: 8,957,500.
- Tradition distributed the common shares pro rata to its members after conversion.