Company: AHRO
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001477932-25-008590
Chunk: 114

Company: Authentic Holdings, Inc.
Filing Date: 2025-11-25
Form: 10-Q
Item: Part I, Item 8
Chunk 114
---
:1). In the event of any liquidation, dissolution, or winding up of the Company, whether voluntary or involuntary, the holders of the Series Z Preferred then outstanding shall be entitled to be paid out of the assets of the Company available for distribution to its shareholders, before any payment or declaration and setting apart for payment of any amount shall be made in respect of any outstanding capital stock of the Company, an amount equal to $25.00 per share, plus the Redemption provision then all the assets of the Company available to be distributed shall be distributed ratably to the holders of the Series Z Preferred and then to the holders of other outstanding shares of capital stock of the Company. If upon any liquidation, dissolution, or winding up of the Company, 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 September 30, 2025 and December 31, 2024, there were 6,042 and 4,762 shares of Series Z Preferred Stock issued and outstanding, respectively. During the nine months ended September 30, 2025, the Company issued 600 shares of Series Z preferred shares for net proceeds of $15,000. During nine months ended September 30, 2024, the Company issued 4,762 shares of Series Z preferred shares for net proceeds of $119,030. Common Stock On September 30, 2025 and December 31, 2024, the Company had 2,335,501,281, and 2,262,255,848 shares of its $0.001 par value common stock issued and outstanding, respectively.  During the nine months ended September 30, 2025, the Company issued 73,245,433 common shares for the following reasons: Issuance of shares for conversion of