![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Monday, June 05, 2023 3:42:57 PM
In connection with a Settlement Agreement dated June 20, 2017 (the "Settlement Agreement"), Mr. Hovendick was awarded ownership of the Series A preferred stock in lieu of payment of a debt. On 10/14/2022, Mr. Hovendick remitted 1,000 shares of Series A preferred stock to the Company pursuant to the terms of governing documents of the Series A preferred for no consideration.
2.
On October 14, 2022, Mr. Hovendick converted 10,000,000 shares of Series B preferred stock of the Company into 100,000,000 shares of common stock of the Company. Pursuant to the governing documents of the Series B preferred, each share of Series B preferred stock of the Company is convertible into 10 shares of common stock of the Company and is entitled to vote ratably together with the Company's common stockholders on all matters upon which common stockholders may vote.
Recent JPEX News
- Form QUALIF - Notice of Qualification [Regulation A] • Edgar (US Regulatory) • 10/02/2023 04:15:09 AM
- Form 1-A/A - Offering Statement [Regulation A]: [Amend] • Edgar (US Regulatory) • 09/28/2023 03:54:46 PM
- Form 1-A/A - Offering Statement [Regulation A]: [Amend] • Edgar (US Regulatory) • 09/12/2023 06:32:39 PM
FEATURED ELEMENT79 GOLD CORP PROVIDES UPDATE ON CHACHAS COMMUNITY CHARTER AND REVENUE GENERATION, M&A ACTIVITIES • Jul 30, 2024 8:00 AM
Avant Technologies Opens Equity Line with GHS Investments as Company Explores Expansion into Additional Technologies • AVAI • Jul 30, 2024 8:00 AM
INDEXR AI Merges With Moon Equity Holdings Corp. (MONI), Creating a Leading-edge Technology Company • MONI • Jul 29, 2024 9:59 AM
Cannabix Technologies to Deliver Innovative Breath Logix Alcohol Screening Device to Texas, USA • BLOZF • Jul 29, 2024 9:07 AM
BNCM AND DELEX UNVEIL POST-MERGER MANAGEMENT PLANS • BNCM • Jul 29, 2024 9:00 AM
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM