regulatory
confidence high
sentiment neutral
materiality 0.35
FiEE files charter amendment correcting preferred stock terms and modifying Series A voting and anti-dilution rights
FiEE, Inc.
- Corrects scrivener's error: authorized preferred shares changed from 3M at $0.01 par to 10M at $0.001 par.
- Series A Convertible Preferred voting now based on Stated Value divided by Nasdaq Minimum Price, not conversion limitations.
- Full-ratchet anti-dilution adjustments no longer require stockholder approval under Nasdaq Listing Rule 5635(d).
- Majority of Series A holders can waive full-ratchet anti-dilution protection.
- Amendment previously approved by board and stockholders on May 9, 2025; filed with Delaware Secretary of State on August 1, 2025.
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