DYNAMIC AEROSPACE SYSTEMS Corp 8-K

What Happened

• On Feb. 2, 2026 the company (ticker: BRQL) filed an 8-K reporting two Certificates of Designation creating Series A.1 Preferred Stock and Series D.1 Preferred Stock (each 25,000,000 shares), and noting a corporate name correction to “Dynamic Aerospace Systems Corporation” following shareholder approval in December 2025. The Series A.1 and Series D.1 designations set out dividend, voting, conversion and redemption terms for the new preferred shares.

Key Details

• Series A.1: 25,000,000 shares; stated value $0.015 per share; voting power = 10 votes per preferred share; convertible at holder’s option into 3 shares of common stock; pari passu liquidation preference with Series A (Stated Value + declared unpaid dividends); company may redeem pre-conversion at the prior trading day's closing bid price.
• Series D.1: 25,000,000 shares; par value $0.0001; voting power = 1 vote per preferred share; no liquidation preference; non‑convertible for 6 months after issuance, then convertible 1:1 into common stock in six monthly tranches (1/6 each); fractional common shares from conversion are rounded up; company may redeem pre-conversion at the prior trading day's closing bid price.
• Name correction: Amended and Restated Articles to change name were filed Dec. 18, 2025; Nevada required a qualifying term, so a Certificate of Correction filed Jan. 5, 2026 changed the name to “Dynamic Aerospace Systems Corporation.” Shareholder approval occurred Dec. 11, 2025.

Why It Matters

• These designations add new preferred classes that can affect common-share dilution and voting dynamics: Series A.1 converts to three common shares each and carries 10 votes per preferred share, which could materially increase voting power if converted or voted as a bloc. Series D.1 converts 1:1 after a six‑month hold and converts in staged tranches. The Series A.1 liquidation preference gives those holders priority over common stock in a liquidation; Series D.1 does not. Investors should monitor any issuance, conversions, or redemptions of these preferred shares and review the full Certificates of Designation for detailed terms.