Company: AHRO
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001477932-25-006087
Chunk: 43

Company: Authentic Holdings, Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 43
---
 whether voluntary or involuntary, the assets to be distributed to the holders of the Series Z Preferred shall be insufficient to permit the payment to the holders thereof the full preferential amount as provided herein, then such available assets shall be distributed ratably to the holders of the Series Z Preferred. Each share of Series Z Preferred shall be convertible at a fifty (50%) discount to the closing stock price of Authentic Holdings Inc., on the day the Holder gives notice to the Company at the option of the holder(s), on the Conversion Basis in effect at the time of conversion. Such right to convert shall commence as of the Issue Date and shall continue thereafter for a period of one (1) year, such period ending on the tenth anniversary of the Issue Date  On June 30, 2025 and December 31, 2024, there were 6,042 and 5,442 shares of Series Z Preferred Stock issued and outstanding, respectively. During the six months ended June 30, 2025, the Company issued 600 shares of Series Z preferred shares for net proceeds of $15,000. During six months ended June 30, 2024, the Company issued 3,620 shares of Series Z preferred shares for net proceeds of $90,480. Common Stock As of June 30, 2025 and December 31, 2024, the Company had 2,332,501,281, and 2,262,255,848 shares of its $0.001 par value common stock issued and outstanding, respectively.  During the six months ended June 30, 2025, the Company issued 70,245,433 common shares for the following reasons: Issuance of shares for conversion of debt  17,467,655  $21,555 Shares issued as collateral  31,000,000  $31,000 Debt issuance cost  4,000,000  $5,600 Shares issued in connection with non-cash securities purchase  17,777,778  $- Total  70,245,433  $70,155.00  During the six months ended June 30, 2024, the Company issued 215,653,484 common shares for conversion of debt valued at $161,336. Common Stock Issuable As of June 30, 2025 and December 31, 2024, the Company