LataMed AI Corp. 8-K
Research Summary
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LataMed AI Corp. Designates Series C Voting Preferred Stock
What Happened LataMed AI Corp. (formerly Catalyst Crew Technologies Corp.) announced on its Form 8-K filed May 8, 2026 that its Board of Directors approved on May 6, 2026 and filed a Certificate of Designation with the Nevada Secretary of State establishing a new series: Series C Voting Preferred Stock. The Certificate sets out the rights, preferences, and limitations for 5,000,000 authorized shares of Series C Voting Preferred Stock, including 20 votes per share and that the shares are non-convertible and non-redeemable.
Key Details
- Authorized shares: 5,000,000 of Series C Voting Preferred Stock.
- Voting: 20 votes per share; votes together with common stock as a single class on shareholder matters.
- Economic terms: non-convertible, non-redeemable; dividends only if and when declared by the Board; liquidation preference senior to common stock.
- Protective provisions: while any Series C shares are outstanding, the Company may not (without approval by a majority of Series C holders) create senior stock, amend Series C to the detriment of holders, liquidate/dissolve, or take other class‑approval actions; Certificate filed as Exhibit 3.1 to the 8‑K.
Why It Matters This filing creates a new class of preferred stock with significant voting power that will count alongside common stock and has priority over common stock on liquidation. The combination of 20 votes per share and the protective provisions means Series C holders could materially influence corporate governance and require their approval for certain major actions. Because the shares are non‑convertible and carry a senior liquidation preference, their economic and control effects differ from convertible preferred or common shares; investors should review the Certificate of Designation (Exhibit 3.1) and monitor any announcements about issuance and holders of Series C stock.
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