Public Company Management Corporation filed a Certificate of Designation with the Nevada Secretary of State on October 15, 2026, establishing three new series of Preferred Stock. The filing details the rights, voting power, and conversion terms for the Series A, Series B-1, and Series B-2 Preferred Stock.
The Series A Voting Preferred Stock consists of 1,000,000 shares with a par value of $0.001 per share. This series is designed to provide effective majority voting control, as holders are entitled to a number of votes equal to two times the sum of outstanding Common Stock and other voting Preferred Stock. Series A shares carry no dividend rights or liquidation preference and are convertible into Common Stock on a one-for-one basis at the holder's election. They will automatically convert into Common Stock upon the earlier of Nasdaq’s approval of the Corporation’s initial listing application or the first listing of the Common Stock on any national securities exchange.
The Series B-1 Convertible Preferred Stock consists of 25,000,000 shares with a par value of $0.001 per share. These shares vote together with Common Stock on a one-vote-per-share basis. Like Series A, Series B-1 carries no dividend rights or liquidation preference. Holders may elect to convert shares into Common Stock at a rate of four-to-one beginning 18 months after issuance. These shares also automatically convert into Common Stock immediately prior to any reorganization, recapitalization, or merger event, unless a majority of Series B-1 holders approve the assumption of the series by an acquiring entity.
The Series B-2 Convertible Preferred Stock consists of 10,000,000 shares with a par value of $0.001 per share. These shares also vote on a one-vote-per-share basis alongside Common Stock and carry no dividend rights or liquidation preference. Holders may elect to convert shares into Common Stock at a rate of eight-to-one beginning 24 months after issuance. Similar to Series B-1, Series B-2 shares automatically convert into Common Stock immediately prior to any reorganization, recapitalization, or merger event, unless a majority of Series B-2 holders approve the assumption of the series by an acquiring entity.