Tianci International issues 80,000 Series B Preferred shares to CEO's affiliate for $80K

Tianci International, Inc.

Sold 80,000 Series B Preferred shares to RQS Capital Limited (affiliate of CEO Shufang Gao) for $80,000 cash.
Each Series B Preferred share is convertible into 100 common shares; voting rights on as-converted basis.
After issuance, RQS Capital holds 65.67% of aggregate voting power (includes prior 6,960,000 common shares).
Certificate of Designation for Series B Preferred Stock filed with Nevada Secretary of State on April 24, 2024.

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

Tianci International, Inc.: Filed Certificate of Designation for 80,000 shares of Series B Preferred Stock with conversion and voting rights (effective 2024-04-24).

Change: charter amendment
Effective: 2024-04-24

Exact text from the filing

On April 24, 2024 the Registrant filed with the Nevada Secretary of State a Certificate of Designation of 80,000 shares of Series B Preferred Stock.

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Tianci International, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-24-002744

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