Company: AHRO
Filing Date: 2025-05-02
Form Type: 8-K
Source: 0001477932-25-003217
Chunk: 3

Company: Authentic Holdings, Inc.
Filing Date: 2025-05-02
Form: 8-K
Item: Item 3.03
Chunk 3
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ITEM 3.03 MATERIAL MODIFICATION OF RIGHTS OF SECURITY HOLDERS

On April 29, 2025, the Board of Directors created, out of the available shares of preferred stock, par value $0.001 per share, a series of preferred stock known as “ Series F Preferred Stock” consisting of 100,000 shares.

Under the terms of the Certificate of Designation for the Series F Preferred Stock, the shares shall not accrue nor pay dividends except as declared by the board of directors in its sole discretion. The Series F Preferred Stock shall not have voting rights except as it pertains to altering the rights associated with the Series F Preferred Stock. The Series F Preferred Stock shall have a stated value of $110 per share (the “ Stated Value”) and each share shall be entitled to a preference over the common stock, the Series B Preferred Stock, and the Series C Preferred Stock of the Stated Value upon the liquidation, dissolution and winding up of the Company, but not the Series E Preferred Stock. Each share of Series F Preferred Stock shall be convertible, at any time after three years of issuance or immediately in the event of a change in control at the option of the Holder thereof, into that number of shares of common stock (subject to a beneficial ownership limitation of up to 9.99%) determined by dividing the Stated Value by the Conversion Price, which is closing price of the common stock of the Company on the OTC, on the day immediately prior to the conversion.

The rights of the holders of Series F Preferred Stock are defined in the relevant Certificate of Designation for the Series F Preferred Stock filed with the Nevada Secretary of State on May 1, 2025, attached hereto as Exhibit 3.1 and is incorporated by reference herein.

SECTION 3 - SECURITIES AND TRADING MARKETS

ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES