other material
confidence high
sentiment neutral
materiality 0.20
Dror Ortho-Design files certificate of correction to grant voting rights to Series A Preferred Stock
Dror Ortho-Design, Inc.
- Filed certificate of correction to fix typographical error that omitted voting rights for Series A Convertible Preferred Stock.
- Correction grants holders voting rights equal to conversion shares, voting with common stock as a single class.
- Amends Section 4 of Certificate of Designations; no changes to other terms or economic rights of preferred stock.
- Action ensures compliance with charter requiring all capital stock to have voting power.