B2Digital amends Series B Preferred certificate – 360 votes per share, no liquidation preference, no dividends

B2Digital, Inc.

Board approved amendment on Jan 24, 2023; Greg Bell abstained.
Each Series B Preferred share now carries 360 votes, not adjustable for stock splits.
Liquidation preference, dividend rights, and redemption provisions eliminated.

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 0.9

B2Digital, Inc.: Amended Certificate of Designation for Series B Convertible Preferred Stock to revise voting, liquidation, dividend, and redemption provisions, including changing voting rights to 360 votes per share and clarifying no liquidation preference, dividends, or redemption (effective 2023-01-24).

Change: charter amendment
Effective: 2023-01-24

Exact text from the filing

On January 24, 2023, with Mr. Bell abstaining, the board of directors of the Company approved the filing of an amendment to the Certificate of Designation of the Series B Convertible Stock pursuant to which the section titled “ Voting, Liquidation, Dividends, and Redemption ” was revised to the following: “ Voting, Liquidation, Dividends, and Redemption . On all matters to be voted on by the holders of Common Stock, the Holders of Series B Preferred Stock shall be entitled to three hundred and sixty (360) votes for each share of Series B Preferred Stock held of record.

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Source: SEC EDGAR

accession 0001683168-23-000465

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