Trend Innovations files Certificate of Designation for Series A Preferred Stock issued in Treasure APA

AVAI BIO, INC.

Issued 5,000 Series A Preferred shares at $5,000 stated value each to Treasure Drive Ltd. for technology portfolio.
Preferred shares convertible into common at 5% discount to 5-day VWAP, with 4.99% beneficial ownership limit.
If not up-listed to Nasdaq within 9 months, TD can request unwinding of the Treasure APA.
Certificate of Designation filed as Exhibit 3.1; shares have no voting rights and liquidation preference equal to stated value.

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

AVAI BIO, INC.: Filed Certificate of Designation designating 5,000 shares of Series A Preferred Stock (effective 2023-04-14).

Change: charter amendment
Effective: 2023-04-14

Exact text from the filing

In connection with the offering, the Company filed a Certificate of Designation to its Articles of Incorporation designating 5,000 shares of its preferred stock.

View on SEC.gov

59 governance changes filed in the last 30 days. Browse all governance changes →

AVAI BIO, INC. filing history →

Source: SEC EDGAR

accession 0001740797-23-000028

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.