Trafalgar International Files Draft Information Statement
Bitget2026/10/14 17:06- Trafalgar International shareholders authorized a charter restatement eliminating Series A and Series B Preferred Stock conversion rights.
- The changes remove potential issuance of 481,433,250 Common Stock shares under the historical conversion terms.
- Series B Preferred Stock will retain at least 51% of total voting power on a fully diluted basis, preserving majority control.
- Series A Preferred Stock will lose general voting rights and liquidation preferences.
- Authorized capital will comprise 2,000,000,000 Common Stock shares and 20,000,000 Preferred Stock shares, each with $0.001 par value.
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