other material
confidence high
sentiment negative
materiality 0.50
Transglobal doubles authorized common to 40B, creates Series B preferred convertible to 4% of common
Transglobal Management Group, Inc.
- Board and the majority voting holder approved Amended and Restated Articles of Incorporation on Oct 6, 2026, raising authorized common stock from 20,000,000,000 to 40,000,000,000 shares.
- Eight of the Company's 20,000,000 authorized preferred shares were designated Series B Preferred; each converts into 0.5% of issued and outstanding common, capped at 4% in the aggregate.
- Conversion terms are described as non-dilutive; the restatement takes effect only upon filing with the Florida Department of State.
- Effectiveness is gated on mailing a definitive Information Statement on Schedule 14C and a minimum 20-calendar-day wait; the majority holder approved by written consent.
- CEO Marc Angell signed the report dated October 6, 2026; the form of restatement is attached as Exhibit 3(i)(a).