---
schema_version: "secwatch.filing_event.v1"
accession: "0001740797-23-000028"
form_type: "8-K"
ticker: "AVAI"
cik: "0001740797"
company_name: "AVAI BIO, INC."
filed_at: "2023-04-14T23:59:59+00:00"
generated_at: "2026-06-17T02:02:36.723484+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001740797-23-000028
- form_type: 8-K
- ticker: AVAI
- cik: 0001740797
- company_name: AVAI BIO, INC.
- filed_at: 2023-04-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1740797/000174079723000028/0001740797-23-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1740797/000174079723000028/tren8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001740797-23-000028
- JSON: https://secwatch.observer/filing/0001740797-23-000028.json
- Plain text: https://secwatch.observer/filing/0001740797-23-000028.txt

## Key facts
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1740797/000174079723000028/0001740797-23-000028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.