Company: AHRO
Filing Date: 2025-03-14
Form Type: 8-K
Source: 0001477932-25-001689
Chunk: 2

Company: Authentic Holdings, Inc.
Filing Date: 2025-03-14
Form: 8-K
Item: Item 3.03
Chunk 2
---
Item 3.03 Material Modification of Rights of Security Holders

The information set forth in Items 1.01 and 3.02 is incorporated into this Item 3.03 by reference.

On March 13, 2025, pursuant to our Articles of Incorporation, our Board of Directors voted to designate a class of preferred stock entitled Series E Preferred Stock, consisting of up to eighty thousand (80,000) shares. The Certificate of Designation for the Series E Preferred Stock contains the following features:

  No voting rights;                                                                                                                                                                                     
  No dividend rights except as may be declared by the Board in its sole and absolute discretion;                                                                                                        
  The holders of Series E Preferred Stock shall be entitled to participate in any distribution out of the assets of our company in an amount equal to $25 (the “ Stated Value”) for each share of S...  
  In the event of both (i) an uplist to a national exchange, and (ii) net income of the Corporation of no less than $1,000,000 in a 12 month period, the 80,000 outstanding share of Series E Prefe...  

The full rights afforded to the holders of Series E Preferred Stock are defined in the relevant Certificate of Designation filed with the Nevada Secretary of State on March 13, 2025, attached hereto as Exhibit 3.1, and is incorporated by reference herein.

SECTION 5 - CORPORATE GOVERNANCE AND MANAGEMENT

Item 5.03 Amendments to Articles of Incorporation or Bylaws