BTCS Inc (BTCS)

[bme]

Hello. Just want to know what to do with this new preferred stock issued to common Holders if anyone knows? See the PR on Jan 31 below. Thanks.

BTCS Plans to Distribute New Preferred Stock to All Common Holders*
PUBLISHED
JAN 31, 2023 8:36AM EST
Silver Spring, MD, Jan. 31, 2023 (GLOBE NEWSWIRE) -- BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain technology-focused company, created a new series of convertible preferred stock, designated Series V Convertible Preferred Stock (the “Voucher”), and plans to distribute these Vouchers to each and every shareholder of record as of a to be announced record date. Each Voucher is intended to be convertible into one share of the Company’s common stock listed on a security exchange that utilizes blockchain technology, subject to certain approvals and the terms of the Voucher’s Certificate of Designation filed with the state of Nevada.