HMBL - HUMBL extends limitations on series B preferred stock conversions
2023-05-31 10:38:42 ET
- HUMBL ( OTCQB:HMBL ) on Wednesday announced an amendment to its certificate of incorporation to extend the limitations on conversions of its series B preferred stock.
- This is part of HUMBL's ( OTCQB:HMBL ) restructuring plan to recapitalize the company, consolidate and retire existing debt and reduce dilution.
- The limitations include preventing series B holders from converting any series B preferred stock from June through September, and limiting their conversions to 500 series B shares per month from October to June 2024.
- From July 2024 to December 2024, conversions will be limited to 1K series B shares per month.
- The amendment will be effective on June 1.
For further details see:
HUMBL extends limitations on series B preferred stock conversions