Idaho Copper Corp 8-K

What Happened
Idaho Copper Corporation (COPR) filed a Certificate of Designation on December 22, 2025, creating 1,000 shares of Series B Preferred Stock and setting their rights, preferences and limitations. On the same date the company’s holders approved and the company filed a Certificate of Amendment increasing the total number of authorized common shares to 500,000,000. The 8‑K reporting these actions was filed January 2, 2026.

Key Details

• The company designated 1,000 shares as "Series B Preferred Stock."
• Series B shares pay no dividends and are not convertible into common stock.
• Holders of each Series B share are entitled to 100,000 votes per share—but only on proposals to increase the company’s authorized capital stock or to amend/restated Articles in connection therewith.
• On liquidation, Series B holders receive distributions on an “as‑converted” basis pari passu with common stock (each Series B treated as one common share for that purpose).
• The Certificate of Designation states that upon the first business day after effectiveness of any amendment increasing the company’s authorized capital stock, all outstanding Series B shares will automatically be cancelled for no consideration. The Amendment to increase authorized common shares to 500,000,000 was filed and became effective December 22, 2025.

Why It Matters
These filings create a small class of preferred shares with outsized voting power on specific corporate‑governance actions (authorization of additional shares and related charter amendments). That concentrated, limited-purpose voting power and the simultaneous amendment increasing authorized common stock are material to shareholders because they affect how the company can change its capital structure and approve further share issuances. Retail investors should review the full Certificate of Designation and Amendment (attached as exhibits to the 8‑K) to understand the legal details, the scope of the voting rights created, and the automatic cancellation provision.