# EDGAR Filing Document

**Accession Number:** 0001490161
**File Stem:** 0001829126-26-002946
**Filing Date:** 2026-3
**Character Count:** 51902
**Document Hash:** 2eb84104b7bf76f86fe2106e9c6a9adb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001829126-26-002946.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0001829126-26-002946

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20260331

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sow Good Inc.
- **CENTRAL INDEX KEY:** 0001490161
- **STANDARD INDUSTRIAL CLASSIFICATION:** FOOD & KINDRED PRODUCTS [2000]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 272345075
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42037
- **FILM NUMBER:** 26823408

**BUSINESS ADDRESS:**
- **STREET 1:** 1440 N. UNION BOWER
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75061
- **BUSINESS PHONE:** (214) 623-6055

**MAIL ADDRESS:**
- **STREET 1:** 1440 N. UNION BOWER
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75061

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Black Ridge Oil & Gas, Inc.
- **DATE OF NAME CHANGE:** 20120403

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ante5, Inc.
- **DATE OF NAME CHANGE:** 20100422

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **March 31, 2026**

**Sow Good Inc.**

(Exact Name of Registrant as Specified in its Charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-42037** | **27-2345075** |
| (State or Other Jurisdiction<br>of Incorporation) | (Commission <br>File Number) | (IRS Employer<br>Identification No.) |

---

**1440 N Union Bower Rd**

**Irving, TX 75061**

(Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code: **(214) 623-6055**

**Not applicable**

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, $0.001 par value per share | SOWG | The Nasdaq Capital Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 3.02 Unregistered Sales of Equity Securities**

On March 31, 2026, the Company sold and issued 1,500,000 shares of Series AAA Convertible Redeemable Preferred Stock, par value $0.001 per share (the "Series AAA Preferred Stock") pursuant to the previously announced Securities Purchase Agreement, dated December 31, 2026, by and between the Company and David Lazar, as amended by the Amendment Agreement, dated February 18, 2026 (together, the "Stock Purchase Agreement"). Prior to closing, Mr. Lazar assigned the rights to purchase the Series AAA Preferred Stock under the Securities Purchase Agreement to a Panamanian holding company ("PanamaCo") on March 24, 2026, pursuant to a rights purchase agreement (the "Rights Transfer"). PanamaCo subsequently transferred some of the rights to a number of investors who together with PanamaCo paid the purchase price of the Series AAA Preferred Stock of $3,000,000. The Company intends on using the proceeds from the offering for general corporate purposes and working capital.

On March 31, 2026 (the "Filing Date"), the Company filed a Certificate of Designations, Preferences and Rights of Series AAA Convertible Redeemable Preferred Stock (the "Series AAA Certificate of Designations") with the Secretary of State of the State of Delaware. The rights, preferences and privileges of the Series AAA Preferred Stock are set forth in the Series AAA Certificate of Designations. Each share of Series AAA Preferred Stock is initially convertible into 250 shares of the Company's common stock, par value $0.001 (the "Common Stock") (subject to adjustment as provided in the Series AAA Certificate of Designations) at any time at the option of the holder. The Series AAA Certificate of Designations provides certain conversion limitations based on ownership thresholds.

The Series AAA Preferred Stock shall rank:

● senior to all of the Common Stock;

● senior to any class or series of capital stock of the Company created after the Filing Date specifically ranking by its terms junior to the Series AAA Preferred Stock ("Junior Securities");

● on parity with any other class or series of capital stock of the Company hereafter created specifically ranking by its terms on parity with the Series AAA Preferred Stock;

in each case, as to distributions of assets upon the Company's liquidation, dissolution or winding up, whether voluntarily or involuntarily (each, a "Dissolution").

In the event of a Dissolution, subject to any prior or superior rights of the holders of Senior Securities, holders of the Series AAA Preferred Stock will be entitled to receive, before any distributions to the holders of the Common Stock and the holders of Junior Securities and *pari passu* with any distributions to the holders of Parity Securities, an amount per share of Series AAA Preferred Stock equal to the greater of (i) $2.00 (subject to adjustment in the event of any stock split, combination or reclassification), plus any dividends declared but unpaid thereon, or (ii) such amount per share as would have been payable had all shares of Series AAA Preferred Stock been converted into Common Stock (without regard to any restrictions on conversion) immediately prior to such Dissolution. Shares of Series AAA Preferred Stock will be entitled to receive dividends equal to (on an as-if-converted-to-Common Stock basis), and in the same form and manner as, dividends actually paid on shares of Common Stock. For the avoidance of any doubt, neither a change in control of the Company, the merger or consolidation of the Company with or into any other entity, nor the sale, lease, exchange or other disposition of all or substantially all of the Company's assets shall, in and of itself, be deemed to constitute a Dissolution.

Shares of Series AAA Preferred Stock will generally have no voting rights, except to the extent provided by applicable law, and except that the consent of the holders of a majority of the outstanding shares of Series AAA Preferred Stock will be required to (i) alter, repeal or change the powers, preferences or rights of the Series AAA Preferred Stock or alter or amend the Series AAA Certificate of Designations so as to adversely affect the Series AAA Preferred Stock, (ii) supplement, amend, restate, repeal, or waive any provision of the Company's Restated Certificate of Incorporation or Bylaws, or file any certificate of amendment, certificate of designation, preferences, limitations and relative rights of any series of preferred stock, if such action would adversely alter or change the preferences, rights, privileges or powers of, or restrictions provided for the benefit of the Series AAA Preferred Stock, regardless of whether any of the foregoing actions shall be by means of amendment to the Company's Restated Certificate of Incorporation or by merger, consolidation, recapitalization, reclassification, conversion or otherwise, (iii) increase or decrease (other than by conversion) the number of authorized shares of Series AAA Preferred Stock; or (iv) enter into any agreement with respect to any of the foregoing. The Series AAA Preferred Stock are redeemable at the option of the Company at a price of $200 per share, plus accrued and unpaid dividends.

The foregoing description of the rights, preferences and privileges of the Series AAA Preferred Stock does not purport to be complete and is qualified in its entirety by the full text of the Series AAA Certificate of Designations, a copy of which is filed as Exhibit 3.1 hereto and is incorporated by reference herein.

Based in part upon the representations of the Investor in the Securities Purchase Agreement, the offering and sale of the Placement Shares will be exempt from registration under Rule 903 of Regulation S promulgated under the Securities Act. The sale of the Placement Shares by the Company in the Private Placement will not be registered under the Securities Act or any state securities laws and such shares may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from the registration requirements. The sale of such shares will not involve a public offering and will be made without general solicitation or general advertising. In the Securities Purchase Agreement, the Investor represented, among other things, that it is a "non-U.S. person" as defined under Regulation S, that it is not acquiring the Placement Shares for the account or benefit of a U.S. Person and that it is acquiring the Placement Shares for investment purposes only and not with a view to any immediate resale, distribution or other disposition of the Placement Shares.

**Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

*Resignation of Officers*

In connection with the Rights Transfer and the issuance and sale of the Series AAA Preferred Stock, On March 31, 2026, David Lazar resigned as Chief Executive Officer of the Company. Mr. Lazar did not resign as a result of any disagreements regarding policies or operations of the Company. He will remain as a member of the Board of Directors of the Company (the "Board"), however he will no longer be the chairman of the Board.

In addition, Ms. Donna Guy informed the Board that she would be resigning as Chief Financial Officer of the Company. Ms. Guy did not resign as a result of any disagreements regarding policies or operations of the Company.

Upon the Resignation of Mr. Lazar and Ms. Guy, the Board appointed Mr. Yisroel Goldberg as Chief Executive Officer and Chief Financial Officer of the Company. Mr. Goldberg is currently the Company's Chief Commercial Officer.

*Resignation of Directors*

On March 31, 2026, the Company's board of directors (the "Board") accepted the resignation of Claudia Goldfarb, Ira Goldfarb, Edward Shensky, Lyle Berman, and Jeff Rubin as directors of the Board, effective as of the closing of the Series AAA Preferred Stock (the "Board Resignations"). None of the members of the Board who resigned in connection with the Board Resignations did so as a result of any disagreements with the Company on policies or operations. Mr. Berman was a member of the Audit Committee, Nominating and Corporate Governance Committee and the Compensation Committee. Mr. Shensky was a member of the Audit Committee and Nominating and Corporate Governance Committee.

*Election of Directors*

On March 31, 2025, the Board elected Yisroel Goldberg, Binyomin Posen, Joseph Labkowski and Jack Wortzman, effective upon the Board Resignations, to serve on the Board until the Company's 2025 Annual Meeting of Stockholders and until their successors have been duly elected and qualified or until their earlier death, resignation or removal.

Yisroel Goldberg, age 42, is the Company's Chief Commercial Officer since February 13, 2026, and is a real estate asset manager and fiduciary with over 15 years of hands-on experience driving performance across portfolio operations, value-add execution, and financial discipline. He is the asset manager at YSG Capital since 2020, where he oversees the day-to-day management of multi-state U.S. portfolio consisting of residential apartment communities and land development projects. He is responsible for overall operating performance, including leasing strategy, expense control, staffing, capital improvements, and asset-level reporting. He leads cross-functional property teams across administrative, property management, and maintenance operations, while identifying and executing value-add initiatives designed to increase revenue and enhance long-term asset performance. He also coordinates financing efforts through established relationships to support portfolio stability and growth. In addition, he supports trust administration and oversees portfolio financials and accounting processes for over 10 years. Previously, Mr. Goldberg served as asset manager at Braham Capital between 2011 and 2020, where he led day-to-day oversight of a large multi-state U.S. residential portfolio, and was accountable for operating performance across leasing, expense control, staffing, capital improvements, and asset-level reporting. He managed cross-functional property teams (administrative, property management, and maintenance), identified and capitalized value-add opportunities to expand revenue capacity and coordinated competitive financing through long-standing banking relationships aligned with long-term portfolio stability. Between 2013 and 2017, Mr. Goldberg was property manager at Park Management, where he managed a large portfolio of HUD and Mitchell-Lama affordable housing units. In that role, he supervised office and maintenance personnel, coordinated roving crews, maintained strong tenant relations, marketed vacancies, conducted recurring property inspections, and led inspection readiness and execution for HUD/REAC compliance. He also implemented and maintained accounting procedures and internal controls supporting operational oversight. In addition, Mr. Goldberg has served for many years as a trustee for numerous trusts, bringing a governance-forward mindset grounded in fiduciary responsibility, stewardship, and risk-aware decision-making. Mr. Goldberg received a B.S. degree in business, with primary emphasis on accounting from Excelsior College and holds a Certificate of Accounting from Daemen College.

Binyomin Posen, age 34, is a capital markets executive with over a decade of experience advising and leading public companies, particularly in the small-cap and venture sectors. He has served as chief executive officer and/or director of multiple reporting issuers, including roles with Street Capital Inc. since May 2018, Red Light Holland Corp. since March 2019, Pacific Iron Ore Corporation since July 2019, Nuran Wireless Inc. since October 2020, Waraba Gold Limited since April 2021, Global Tactical Metals Corp. since November 2021, Pegmatite One Lithium and Gold Corp. since August 2022, High Tide Inc. between July 2019 and November 2020, and other TSX Venture Exchange and CSE-listed companies, where he has been actively involved in restructurings, reverse take-over transactions and change-of-business processes. Mr. Posen was also a senior analyst with Plaza Capital Limited since December 2017, focusing on corporate finance and capital markets transactions for emerging growth companies. He holds a bachelor's degree from Talpiot College in Judaic Law.

Joseph Labkowski, age 46, is a non-profit chief executive with over 20 years of experience in strategy, operations, and stakeholder management. He has served as a director on the board of NuRAN Wireless Inc. since January 2026. Since 2004, he has served as Executive Director of Chabad of Cape Coral, effectively functioning as its chief executive officer and overseeing budgeting, financial stewardship, staff and volunteer management, vendor and contractor oversight, and day-to-day operations. He has led multiple capital projects from concept through completion, including the planning, fundraising, and construction of a modern community center. These initiatives required long-range planning, disciplined budget control, coordination with local authorities, and continuous engagement with donors and other stakeholders. In this role, Mr. Labkowski works closely with boards, advisors, and public officials, regularly reporting on performance, risk, and policy implementation. He is known for clear communication and an ability to align diverse interests. Mr. Labkowski brings governance experience, stakeholder and community-relations skills, and oversight of long-term, capital-intensive projects, providing a complementary perspective to financially and technically focused directors on a public-company board.Mr. Labkowski graduated from Central Yeshiva Lubavitch with a Master's degree in Rabbinical Studies and received rabbinical ordination.

Jack Wortzman, age 76, played an integral role with respect to the final engineering components of the Industrial and Manufacturing Department of the Oakville Assembly Plant of Ford of Canada between August 1972 and April 1990. In this role, Mr. Wortzman led initiatives that generated measurable efficiency improvements and delivered higher quality products, including through the installation and use of robotic technology. He also held a leadership role in the design and implementation of a workload distribution and cost allocation methodology for the installation and servicing of Heating, Ventilation, and Air Conditioning (HVAC) at Enbridge Inc. and Direct Energy between December 1999 and December 2012. Mr. Wortzman holds a degree from Ryerson University in Cost Accounting.

Mr. Posen, Mr. Labkowski and Mr. Wortzman will join each of the Audit Committee with Mr. Posen acting as Audit Committee Chair, Mr. Wortzman acting as Compensation Committee Chair and Labkowski acting as Nominating and Corporate Governance Committee Chair.

There is no arrangement or understanding between Mr. Goldberg, Mr. Posen, Mr. Labkowski, Mr. Wortzman and any other person pursuant to which each of them were appointed as directors of the Company. None of Mr. Posen, Mr. Labkowski or Mr. Wortzman have a family relationship with any of the Company's officers or directors. None of Mr. Goldberg, Mr. Posen, Mr. Labkowski, Mr. Wortzman have any direct or indirect interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

**Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits.

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 3.1 | [Certificate of Designations, Preferences and Rights of Series AAA Convertible Redeemable Preferred Stock, dated as of March 31, 2026](sowgood_ex3-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | SOW GOOD INC. | SOW GOOD INC. |
|  | By: | /s/ Yisroel Goldberg |
|  |  | **Yisroel Goldberg** |
|  |  | **Chief Executive Officer** |
| Date: March 31, 2026 |  |  |

---

## Exhibit 3.1

**Exhibit 3.1**

**CERTIFICATE OF DESIGNATIONS, PREFERENCES**

**AND RIGHTS OF**

**SERIES AAA CONVERTIBLE REDEEMABLE PREFERRED STOCK**

**OF**

**SOW GOOD INC.**

**(Pursuant to Section 151 of the**

**Delaware General Corporation Law)**

**SOW GOOD INC.**, a Delaware corporation (the "<u>Corporation</u>"), in accordance with the provisions of Section 103 of the Delaware General Corporation Law (the "<u>DGCL</u>") does hereby certify that, in accordance with Sections 151 of the DGCL, the following resolution was duly adopted by the Board of Directors of the Corporation (the "<u>Board of Directors</u>") on February 13, 2026:

RESOLVED, pursuant to authority expressly set forth in the Amended and Restated Certificate of Incorporation of the Corporation, as amended (the "<u>Certificate of Incorporation</u>"), the issuance of a series of Preferred Stock, par value $0.001 per share (the "<u>Preferred Stock</u>") designated as the Series AAA Convertible Redeemable Preferred Stock, par value $0.001 per share, of the Corporation is hereby authorized and the number of shares, powers, designations, preferences and relative, participating, optional or other special rights of, and the qualifications, limitations or restrictions upon, the Series AAA Convertible Redeemable Preferred Stock (in addition to any provisions set forth in the Certificate of Incorporation that are applicable to the Preferred Stock of all classes and series) are hereby fixed, and the Certificate of Designation, Preferences and Rights of Series AAA Convertible Redeemable Preferred Stock ("<u>Certificate of Designations</u>") is hereby approved as follows:

SECTION 1 <u>Designation of Amount</u>.

(a) ONE MILLION FIVE HUNDRED THOUSAND (1,500,000) shares of Preferred Stock shall be, and hereby are, designated the "Series AAA Convertible Redeemable Preferred Stock" (the "<u>Series AAA Preferred Stock</u>"), par value $0.001 per share.

(b) Subject to the requirements of the DGCL, the Certificate of Incorporation and this Certificate of Designations, the number of shares of Preferred Stock that are designated as Series AAA Preferred Stock may be increased or decreased by vote of the Board of Directors; <u>provided</u>, that no decrease shall reduce the number of shares of Series AAA Preferred Stock to a number less than the number of such shares then outstanding. Any shares of Series AAA Preferred Stock converted, redeemed, purchased or otherwise acquired by the Corporation in any manner whatsoever shall, automatically and without further action, be retired and canceled promptly after the acquisition thereof, and shall become authorized but unissued shares of Preferred Stock and may not be reissued as shares of Series AAA Preferred Stock when the Corporation shall take such action as may be necessary to reduce the number of authorized shares of the Series AAA Preferred Stock and may be reissued as part of a new series of any class or series of Preferred Stock in accordance with the Certificate of Incorporation.

SECTION 2 <u>Certain Definitions</u>.

Unless the context otherwise requires, the terms defined in this <u>Section 2</u> shall have, for all purposes of this resolution, the meanings specified (with terms defined in the singular having comparable meanings when used in the plural).

"<u>Affiliate</u>" means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

"<u>Beneficial Ownership Limitation</u>" shall have the meaning set forth in <u>Section 6(c)</u>.

"<u>Board of Directors</u>" shall have the meaning set forth in the preamble to this Certificate of Designations.

"<u>Business Day</u>" shall mean any day other than Saturday, Sunday or other day on which commercial banks in the City of New York are authorized or required by law to remain closed.

"<u>Bylaws</u>" shall mean the Amended and Restated By-Laws of the Corporation, as amended from time to time.

"<u>Certificate of Incorporation</u>" shall have the meaning set forth in the preamble to this Certificate of Designations.

"<u>Common Stock</u>" shall mean the common stock, par value $0.001 per share, of the Corporation.

"<u>Conversion Notice</u>" shall have the meaning set forth in <u>Section 6(e)</u>.

"<u>Conversion Price</u>" shall mean $0.008, subject to adjustment from time to time in accordance with <u>Section 6(e)</u>.

"<u>Conversion Time</u>" shall have the meaning set forth in <u>Section 6(e)</u>.

"<u>Corporation</u>" shall have the meaning set forth in the preamble to this Certificate of Designations.

"<u>DGCL</u>" shall have the meaning set forth in the preamble to this Certificate of Designations.

"<u>Exchange Act</u>" shall have the meaning set forth in <u>Section 6(c)</u>.

"<u>Holder</u>" means any holder of Series AAA Preferred Stock, all of such holders being the "<u>Holders</u>."

"<u>Junior Securities</u>" shall have the meaning set forth in <u>Section 5(a)</u>.

"<u>Parity Securities</u>" shall have the meaning set forth in <u>Section 5(a)</u>.

"<u>Participating Dividends</u>" shall have the meaning set forth in <u>Section 4</u>.

"<u>Permitted Exchange</u>" means any of The New York Stock Exchange, NYSE American, The Nasdaq Global Select Market, The Nasdaq Global Market, The Nasdaq Capital Market (or any of their respective successors).

"<u>Person</u>" shall mean any individual, partnership, company, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization, government or agency or political subdivision thereof, or other entity.

"<u>Preferred Stock</u>" shall have the meaning set forth in the preamble to this Certificate of Designations.

"<u>Redemption Price</u>" means $200.00 per share of Series AAA Preferred Stock (subject to adjustment in the event of any stock dividend, stock split, combination, reorganization, recapitalization, reclassification, or other similar event with respect to the Series AAA Preferred Stock), plus any declared but unpaid dividends thereon.

"<u>Requisite Holders</u>" shall mean the holders of a majority of the then outstanding shares of Series AAA Preferred Stock.

"<u>Securities Act</u>" shall mean the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

"<u>Series AA Preferred Stock</u>" shall have the meaning set forth in <u>Section 6(a)</u>.

"<u>Series AAA Preferred Stock</u>" shall have the meaning set forth in <u>Section 1(a)</u>.

"<u>Stated Value</u>" shall mean the per share stated value for a share of Series AAA Preferred Stock of $2.00, subject to adjustment in the event of any stock dividend, stock split, combination, reorganization, recapitalization, reclassification, or other similar event with respect to the Series AAA Preferred Stock.

"<u>Trading Day</u>" means any day on which the Common Stock is listed or quoted and traded on the applicable Permitted Exchange, or, if the Common Stock is not then listed or quoted on a Permitted Exchange, any Business Day on which trading occurs in the Common Stock on the principal over-the-counter market on which the Common Stock is then traded, or, if the Common Stock is not publicly traded, any Business Day.

SECTION 3 <u>Voting Rights</u>.

(a) <u>Non-Voting Stock</u>. Until the Series AA Preferred Stock are convertible under <u>Section 6</u> hereof, or except as otherwise provided by the DGCL***,*** other applicable law or as provided in this Certificate of Designations, the holders of Series AAA Preferred Stock shall not be entitled to vote (or render written consents) on any matter submitted for a vote of (or written consents in lieu of a vote as permitted by the DGCL, the Certificate of Incorporation and the Bylaws) holders of Common Stock.

(b) <u>Limited Voting Rights</u>. So long as any shares of Series AAA Preferred Stock are outstanding, the Corporation shall not, without first obtaining the approval of the Requisite Holders:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. alter, repeal or change the powers, preferences or rights of the Series AAA Preferred Stock or alter or amend this Certificate of Designations so as to adversely affect the Series AAA Preferred Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. supplement, amend, restate, repeal, or waive any provision of the Certificate of Incorporation or Bylaws, or file any certificate of amendment, certificate of designation, preferences, limitations and relative rights of any series of preferred stock, if such action would adversely alter or change the preferences, rights, privileges or powers of, or restrictions provided for the benefit of the Series AAA Preferred Stock, regardless of whether any of the foregoing actions shall be by means of amendment to the Certificate of Incorporation or by merger, consolidation, recapitalization, reclassification, conversion or otherwise;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. increase or decrease (other than by conversion) the number of authorized shares of Series AAA Preferred Stock; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. enter into any agreement with respect to any of the foregoing.

SECTION 4 <u>Dividends</u>.

If the Board of Directors shall declare a dividend or other distribution payable upon the then outstanding shares of Common Stock, whether in cash, in kind or in other securities or property (other than dividends payable in shares of Common Stock), the holders of the then outstanding shares of Series AAA Preferred Stock shall be entitled to the amount of dividends as would be payable in respect of the number of shares of Common Stock into which the shares of Series AAA Preferred Stock held by each holder thereof could be converted, without regard to any restrictions on conversion, in accordance with the provisions of <u>Section 6</u> hereof, such number to be determined as of the record date for determination of holders of Common Stock entitled to receive such dividend or, if no such record date is established, as of the date of such dividend ("<u>Participating Dividends</u>"). Participating Dividends are payable at the same time as and when dividends on the Common Stock are paid to the holders of Common Stock.

SECTION 5 <u>Liquidation Preference</u>.

(a) <u>Ranking</u>. The Series AAA Preferred Stock shall rank (i) senior to all of the Common Stock; (ii) senior to any class or series of capital stock of the Corporation hereafter created specifically ranking by its terms junior to any Series AAA Preferred Stock ("<u>Junior Securities</u>"); and (iii) on parity with any other class or series of capital stock of the Corporation hereafter created specifically ranking by its terms on parity with the Series AAA Preferred Stock ("<u>Parity Securities</u>"), in each case, as to distributions of assets upon liquidation, dissolution or winding up of the Corporation, whether voluntarily or involuntarily (each, a "<u>Dissolution</u>").

(b) <u>Distribution to Series AAA Preferred Stock and Parity Securities</u>. Upon a Dissolution, each Holder shall be entitled to receive, prior and in preference to any distributions of any of the assets or surplus funds of the Corporation to the holders of the Common Stock and Junior Securities and *pari passu* with any distribution to the holders of Parity Securities, an amount per share of Series AAA Preferred Stock held by such Holder equal to the greater of (i) the Stated Value, plus any dividends declared but unpaid on such share of Series AAA Preferred Stock, or (ii) such amount per share as would have been payable had all shares of Series AAA Preferred Stock been converted into Common Stock pursuant to <u>Section 6</u> (without regard to any restrictions on conversion) immediately prior to such Dissolution. If, upon any such Dissolution, the assets of the Corporation shall be insufficient to pay the holders of shares of the Series AAA Preferred Stock the amount required under the preceding sentence, the holders of Series AAA Preferred Stock and the holders of shares of Parity Securities shall share in any distribution of the assets available for distribution in proportion to the respective amounts which would otherwise be payable in respect of the shares of Series AAA Preferred Stock and Parity Securities held by them upon such distribution if all amounts payable on or with respect to such shares of Series AAA Preferred Stock and Parity Securities were paid in full. For the avoidance of any doubt, but without limiting the foregoing, neither a change in control of the Corporation, the merger or consolidation of the Corporation with or into any other entity, nor the sale, lease, exchange or other disposition of all or substantially all of the Corporation's assets shall, in and of itself, be deemed to constitute a Dissolution.

SECTION 6 <u>Conversion Rights</u>.

(a) <u>General</u>. Subject to and upon compliance with the provisions of this <u>Section 6</u> and subject to the Corporation's stockholders approving each of (A) an increase in the number of authorized shares of Common Stock to enable the Corporation to issue all of the shares of Common Stock that are issuable upon the conversion of the Series AAA Preferred Stock and any Series AA Preferred Stock, par value $0.001 per share (the "<u>Series AA Preferred Stock</u>"), that is issued and outstanding and (B) the conversion of the Series AAA Preferred Stock and any Series AA Preferred Stock that is issued and outstanding into shares of Common Stock in accordance with the listing rules of the Nasdaq Stock Market (the "<u>Stockholder Approvals</u>"), and subject to the Corporation filing an amendment to the Certificate of Incorporation with the Secretary of State of the State of Delaware (the "<u>Charter Amendment</u>") evidencing such stockholder approval, each Holder shall be entitled, at its option, at any time and from time to time after the Stockholder Approvals and the filing of the Charter Amendment, to convert all or any such shares of Series AAA Preferred Stock into the number of fully paid and nonassessable shares of Common Stock equal to the number obtained by dividing (i) the Stated Value of such Series AAA Preferred Stock by (ii) the Conversion Price in effect at the Conversion Time (determined as provided in this <u>Section 6</u>).

(b) <u>Fractions of Shares</u>. Fractional shares of Common Stock may not be issued in connection with any conversion of the Series AAA Preferred Stock. As to any fraction of a share which a Holder would otherwise be entitled to receive upon such conversion, the Corporation shall pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Conversion Price.

(c) <u>Limitation on Conversion</u>. Notwithstanding <u>Section 6(a)</u>, the Corporation shall not effect, and no Holder shall have the right to effect, any conversion of Series AAA Preferred Stock to the extent that, after giving effect to such conversion, such Holder (together with any Affiliate thereof and any other Person acting as a group together with such Holder or any of such Holder's Affiliates) would beneficially own in excess of held thereby to the extent that after giving effect to such conversion, such Holder, together with any affiliate thereof and any other person or entity acting as a group together with such Holder or any of such Holder's affiliates, would beneficially own in excess of 4.99% of the number of shares of Common Stock outstanding immediately after giving effect to such conversion (the "<u>Beneficial Ownership Limitation</u>"). For purposes of the foregoing sentence, the number of shares of Common Stock beneficially owned by a Holder and its Affiliates shall include the number of shares of Common Stock issuable upon conversion of the Series AAA Preferred Stock with respect to which such determination is being made, but shall exclude the number of shares of Common Stock which are issuable upon (i) conversion of the remaining, unconverted Series AAA Preferred Stock then held by the given Holder or any of its Affiliates and (ii) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the given Holder or any of its Affiliates. Except as set forth in the preceding sentence, for purposes of this <u>Section 6(c)</u>, beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act, and the rules promulgated thereunder. Upon the written or oral request of a Holder, the Corporation shall within three Trading Days confirm orally and in writing to such Holder the number of shares of Common Stock then outstanding. Since a Holder will not be obligated to report to the Corporation the number of shares of Common Stock it may hold at the time of a conversion hereunder, the Holder shall have the obligation and responsibility to determine whether the restriction contained in this <u>Section 6(c)</u> will limit any particular conversion hereunder. If a Holder has delivered a Conversion Notice that, without regard to any other shares that the Holder or its Affiliates may beneficially own, would result in the issuance in excess of the Beneficial Ownership Limitation, the Corporation shall notify the Holder of this fact and shall honor the conversion for the maximum number of shares of Series AAA Preferred Stock permitted to be converted on such conversion date in accordance with <u>Section 6(a)</u> and, any shares of Series AAA Preferred Stock tendered for conversion in excess of the Beneficial Ownership Limitation shall remain outstanding. The limitations contained in this <u>Section 6(c)</u> shall apply to a successor holder of any shares of Series AAA Preferred Stock. Notwithstanding the foregoing, the Board of Directors may waive or increase the Beneficial Ownership Limitation with respect to any Holder at any time, in its sole discretion.

(d) <u>Adjustments to Conversion Price</u>.

(i) <u>Upon Subdivisions</u>. If, at any time after the date the first share of Series AAA Preferred Stock was issued, the number of shares of Common Stock outstanding is increased by a subdivision of shares of Common Stock, then, following the record date for the determination of holders of Common Stock affected by such subdivision, the Conversion Price in effect immediately before such subdivision shall be proportionately decreased so that the number of shares of Common Stock issuable on conversion of Series AAA Preferred Stock shall be increased in proportion to such increase in outstanding shares of Common Stock.

(ii) <u>Upon Combinations</u>. If, at any time after the date the first share of Series AAA Preferred Stock was issued, the number of shares of Common Stock outstanding is decreased by a combination of the outstanding shares of Common Stock into a smaller number of shares of Common Stock, then, following the record date to determine shares affected by such combination, the Conversion Price in effect immediately before such combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each share of Series AAA Preferred Stock shall be decreased in proportion to such decrease in outstanding shares of Common Stock.

(iii) <u>Stock Dividends</u>. If, at any time after the date the first share of Series AAA Preferred Stock was issued, the Corporation shall make or issue, or fix a record date for the determination of holders of Common Stock entitled to receive, a dividend or other distribution payable on the Common Stock in additional shares of Common Stock, then and in each such event the Conversion Price in effect immediately before such event shall be decreased as of the time of such issuance or, in the event such a record date shall have been fixed, as of the close of business on such record date, by multiplying the Conversion Price then in effect by a fraction: (1) the numerator of which shall be the total number of shares of Common Stock outstanding immediately prior to the time of such issuance or the close of business on such record date, and (2) the denominator of which shall be the total number of shares of Common Stock outstanding immediately prior to the time of such issuance or the close of business on such record date plus the number of shares of Common Stock issuable in payment of such dividend or distribution. Notwithstanding the foregoing, (a) if such record date shall have been fixed and such dividend is not fully paid or if such distribution is not fully made on the date fixed therefor, the Conversion Price shall be recomputed accordingly as of the close of business on such record date and thereafter the Conversion Price shall be adjusted pursuant to this <u>Section 6(d)(iii)</u> as of the time of actual payment of such dividends or distributions; and (b) no such adjustment shall be made if the holders of Series AAA Preferred Stock simultaneously receive a dividend or other distribution of shares of Common Stock in a number equal to the number of shares of Common Stock as they would have received if all outstanding shares of Series AAA Preferred Stock had been converted into Common Stock on the date of such event.

(iv) <u>Reorganization, Reclassification, Merger or Consolidation</u>. If at any time or from time to time there shall be a reorganization, recapitalization, reclassification, merger or consolidation involving the Corporation in which the Common Stock is converted into or exchanged for securities, cash or property (other than a subdivision or combination provided for elsewhere in this <u>Section 6</u>), then, as a part of such reorganization, recapitalization, reclassification, merger, or consolidation, provision shall be made so that holders of Series AAA Preferred Stock shall thereafter be entitled to receive upon conversion of the Series AAA Preferred Stock, the kind and amount of shares of stock, cash or other property to which such holder would have been entitled if such holder had converted its shares of Series AAA Preferred Stock immediately prior to such reorganization, recapitalization, reclassification, merger or consolidation. In any such case, appropriate adjustment shall be made in the application of the provisions of this <u>Section 6</u> with respect to the rights of the holders of the Series AAA Preferred Stock after the reorganization, recapitalization, reclassification, merger or consolidation, to the end that the provisions of this <u>Section 6</u> (including provisions with respect to changes in and other adjustments of the Conversion Price then in effect for the Series AAA Preferred Stock) shall be applicable after that event in as nearly equivalent a manner as may be practicable.

(e) <u>Exercise of Conversion Privilege</u>. In order to exercise the conversion privilege, the holder of any share of Series AAA Preferred Stock shall, (i) provide written notice in the form attached hereto as <u>Annex A</u> (a "<u>Conversion Notice</u>") to the Corporation at any office or agency of the Corporation maintained for such purpose, that the Holder elects to convert all such shares of Series AAA Preferred Stock or, if less than the entire amount thereof is to be converted, the portion thereof to be converted and (ii) if such Holder's shares are certificated, surrender the certificate evidencing such shares of Series AAA Preferred Stock, duly endorsed or assigned to the Corporation in blank, at such office or agency. The Conversion Notice shall state such Holder's name or the names of the nominees in which such Holder wishes the shares of Common Stock to be issued. Series AAA Preferred Stock shall be deemed to have been converted immediately prior to the close of business on the date of surrender of such shares of Series AAA Preferred Stock for conversion in accordance with the foregoing provisions or such later time as specified in the Conversion Notice (the "<u>Conversion Time</u>"), and the shares of Common Stock issuable upon conversion of the specified shares shall be deemed to be outstanding of record as of such Conversion Time. As promptly as practicable on or after the Conversion Time, the Corporation shall (i) issue and shall deliver a certificate or certificates for the number of full shares of Common Stock issuable upon conversion (or a notice of such issuance if uncertificated shares are issued) and (ii) pay all declared but unpaid dividends on the shares of Series AAA Preferred Stock converted. In the case of any certificate evidencing shares of Series AAA Preferred Stock that is converted in part only, upon such conversion the Corporation shall also execute and deliver a new certificate evidencing the number of shares of Series AAA Preferred Stock that are not converted (or a notice of such issuance if uncertificated shares are issued).

(f) <u>Notice of Adjustment of Conversion Price</u>. Whenever the provisions of <u>Section 6(d)</u> require that the Conversion Price be adjusted as herein provided, the Corporation shall compute the adjusted Conversion Price in accordance with <u>Section 6(d)</u> and shall prepare a certificate signed by the Corporation's principal executive officer or principal financial officer setting forth the adjusted Conversion Price and showing in reasonable detail the facts upon which such adjustment is based, and such certificate shall forthwith be filed at each office or agency maintained for such purpose for conversion of shares of Series AAA Preferred Stock and mailed by the Corporation at its expense to all holders of Series AAA Preferred Stock at their last addresses as they shall appear in the stock register.

(g) <u>Corporation to Reserve Common Stock</u>. Following the receipt of Stockholder Approval and the filing of the Charter Amendment, the Corporation shall at all times reserve and keep available, free from preemptive rights, out of the authorized but unissued Common Stock or out of the Common Stock held in treasury, for the purpose of effecting the conversion of Series AAA Preferred Stock, the full number of shares of Common Stock issuable upon the conversion of all outstanding shares of Series AAA Preferred Stock. Before taking any action that would cause an adjustment reducing the Conversion Price below the then par value (if any) of the shares of Common Stock deliverable upon conversion of the Series AAA Preferred Stock, the Corporation will take any corporate action that, in the opinion of its counsel, is necessary in order that the Corporation may validly and legally issue fully paid and non-assessable shares of Common Stock at such adjusted Conversion Price.

(h) <u>Taxes on Conversions</u>. The Corporation will pay any and all original issuance, transfer, stamp and other similar taxes that may be payable in respect of the issue or delivery of shares of Common Stock on conversion of Series AAA Preferred Stock pursuant hereto. The Corporation shall not, however, be required to pay any tax which may be payable in respect of any transfer involved in the issue and delivery of shares of Common Stock in a name other than that of the holder of the share(s) of Series AAA Preferred Stock to be converted (nor shall the Corporation be responsible for any other taxes payable by the holders of the Series AAA Preferred Stock), and no such issue or delivery shall be made unless and until the Person requesting such issue has paid to the Corporation the amount of any such tax or has established to the satisfaction of the Corporation that such tax has been paid.

SECTION 7 <u>Redemption and Retraction</u>.

(a) <u>Optional Redemption by the Corporation</u>. Subject to Section 160 of the DGCL and to the extent of legally available funds therefor, the Corporation may, at any time, redeem all or any portion of the outstanding shares of Series AAA Preferred Stock at the Redemption Price, upon not less than ten (10) Business Days' prior written notice to the Holders.

(b) <u>Holder Retraction Right</u>. Subject to Section 160 of the DGCL, at any time on or after the issuance date of the Series AAA Preferred Stock, any Holder may require the Corporation to redeem all or any portion of such Holder's shares of Series AAA Preferred Stock at the Redemption Price by delivering written notice to the Corporation.

(c) <u>Payment Mechanics</u>. The Redemption Price shall be payable in cash; provided that the Holder may elect, to the extent permitted by the DGCL and applicable stock exchange rules, to satisfy the Redemption Price in shares of Common Stock valued at the volume-weighted average price over the sixty (60) Trading Days immediately preceding the redemption date.

(d) <u>Effect of Redemption</u>. Upon payment of the Redemption Price, the shares redeemed shall be cancelled, retired and shall not be reissued.

SECTION 8 <u>Waiver</u>. Notwithstanding anything to the contrary herein, any provisions of this Certificate of Designations may be waived on behalf of all of the holders of Series AAA Preferred Stock by the affirmative written consent or vote of the Requisite Holders.

**IN WITNESS WHEREOF**, the Corporation has caused this Certificate of Designations, Preferences and Rights to be duly executed by its Chief Executive Officer, this 31st day of March, 2026.

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|:---|:---|:---|
| By: | /s/ David Lazar | /s/ David Lazar |
|  | Name: | David Lazar |
|  | Title: | Chief Executive Officer |

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[Annex A (Conversion Notice) to Certificate of Designations, Preferences and Rights of<br> Series AAA Convertible Redeemable Preferred Stock of Sow Good Inc.]

**ANNEX A**

CONVERSION NOTICE

(To be Executed by the Registered Holder in order to Convert Shares of Preferred Stock)

The undersigned being the Holder of Sow Good Inc., a Delaware corporation (the "<u>Corporation</u>") Series AAA Convertible Redeemable Preferred Stock (the "<u>Series AAA Preferred Stock</u>") hereby elects to convert the number of shares of Series AAA Preferred Stock indicated below into shares of common stock, par value $0.001 per share (the "<u>Common Stock</u>"), of Sow Good Inc., according to the conditions as set forth in the Certificate of Designations, Preferences and Rights of Series AAA Convertible Redeemable Preferred Stock (the "<u>Certificate of Designations</u>"), as of the date written below. If shares of Common Stock are to be issued in the name of a Person other than the undersigned, the undersigned holder will pay all transfer taxes payable with respect thereto and is delivering herewith such certificates and opinions as may be required by the Corporation in accordance with the Securities Purchase Agreement, dated December 31, 2025. No fee will be charged to the Holders for any conversion, except for any such transfer taxes.

Conversion calculations:

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| |
|:---|
| Date to Effect Conversion: |
| Number of shares of Preferred Stock owned prior to Conversion: |
| Number of shares of Preferred Stock to be Converted: |
| Stated Value of shares of Preferred Stock to be Converted: |
| Number of shares of Common Stock to be Issued: |
| Applicable Conversion Price: |
| Number of shares of Preferred Stock subsequent to Conversion: |
| Address for Delivery: |

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| |
|:---|
| <u>or</u> |
| DWAC Instructions: |
| Broker no: |
| Account no: |

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| | |
|:---|:---|
| [HOLDER] | [HOLDER] |
| By: |  |
|  | Name: |
|  | Title: |

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[Annex A (Conversion Notice) to Certificate of Designations, Preferences and Rights of<br> Series AAA Convertible Redeemable Preferred Stock of Sow Good Inc.]

Annex A-1