other material
confidence high
sentiment negative
materiality 0.90
Winvest Group issues 616.7M common shares upon Series A preferred conversions; shares outstanding surge to 635M
Winvest Group Ltd
- Feb 23: 607.5M common shares issued to directors on conversion of 12.15M Series A preferred.
- Feb 27: 9.2M common shares issued to Infinity Fund Australia on conversion of 9.2M Series A preferred.
- Total common shares outstanding increased from ~18.3M to ~635M, a roughly 34x dilution.
- Series A preferred outstanding reduced by 12.15M shares to 215.7M shares.