LSEB Creative Corp. 8-K

What Happened

• LSEB Creative Corp. filed an 8-K (dated March 2, 2026) reporting that it amended its articles of incorporation with the Wyoming Secretary of State, effective February 27, 2026.
• The amendment expressly authorizes the board, under the Wyoming Business Corporation Act, to create preferred stock in one or more series and to fix the terms of each series by filing a certificate of designation.
• The board approved a Certificate of Designation establishing a new Series A Convertible Preferred Stock (1,000,000 shares, $0.0001 par value) intended to facilitate a potential change-of-control transaction.

Key Details

• Authorized shares: 1,000,000 shares of Series A Convertible Preferred Stock; par value $0.0001 per share.
• Conversion: Each Series A Preferred share is convertible into 100 shares of the company’s common stock (fully paid, non-assessable).
• Voting and rights: Series A Preferred votes together with common stock and carries 100 votes per preferred share; no dividend rights; no liquidation preference; no preemptive rights except as required by law.
• Current status: As of the 8-K filing, no Series A shares have been issued and no change-of-control transaction has occurred or been consummated.

Why It Matters

• This change gives the board a tool to structure a financing or an acquisition by issuing convertible preferred shares that convert into a large number of common shares and carry significant voting power (100 votes per preferred).
• For investors, the potential issuance of these preferred shares in connection with a change-of-control could materially affect ownership percentages and voting control if issued. The company states any such issuance and resulting change of control will be disclosed in a future Form 8-K when consummated.