secwatch.observer — SEC 8-K summary
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Issuer:     Trans American Aquaculture, Inc (GRPS)
CIK:        0001990446
Form:       8-K
Filed at:   2025-08-28T23:59:59+00:00
Accession:  0001683168-25-006521
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1990446/000168316825006521/0001683168-25-006521-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1990446/000168316825006521/transaqua_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-006521

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