Trans American Aquaculture amends Series D Preferred Stock terms; conversion price set at 80% of VWAP

Trans American Aquaculture, Inc

• Filed Amended and Restated Certificate of Designation for Series D Convertible Preferred Stock on Aug 22, 2025.
• 1,190 shares of Series D Preferred Stock issued and outstanding; each share stated value $1,200, subject to increase.
• Conversion price is 80% of the lowest VWAP for the ten trading days preceding issuance, with adjustments.
• Cumulative 8% annual dividend payable quarterly; can be paid in cash or additional Series D shares at company discretion.
• Liquidation preference equals stated value plus accrued dividends and fees, senior to common stock.