BILI Social International Terminates Series B Preferred Stock Designation

What Happened BILI Social International, Inc. (a Florida corporation) announced that its Board approved termination of the Series B Preferred Stock designation and filed Articles of Amendment with the Florida Secretary of State on August 7, 2026. The amendment became effective immediately upon filing and removed the Series B Preferred Stock provisions from the company’s Articles of Incorporation. No shares of Series B Preferred Stock were outstanding at the time of the filing.

Key Details

• The Series B Preferred Stock had originally been designated as 118,000,000 shares on October 22, 2024.
• Articles of Amendment were filed and became effective on August 7, 2026.
• After the amendment, the company is authorized to issue 40,000,000,000 common shares ($0.001 par) and 120,000,000 preferred shares ($0.001 par).
• The Board retains authority, under Florida law (including Section 607.0602), to create one or more series of preferred stock and set their terms by resolution.

Why It Matters This filing changes the company’s charter by removing the previously designated Series B preferred class, which can affect the company’s capital structure and future financing flexibility. Because no Series B shares were outstanding, this action is a structural cleanup rather than a change in outstanding securities. Investors should note the updated authorized share counts and the Board’s retained ability to establish series of preferred stock, which could be used in future financings or corporate actions.