Vivos Eliminates Series C Preferred Stock in Board Member Exchange

Vivos Inc. has eliminated its Series C Convertible Preferred Stock from its authorized capital structure. The company filed a Certificate of Elimination with the Secretary of State of Delaware on October 8, 2026, following a transaction approved by its Board of Directors.

The elimination was part of a Stock Purchase and Exchange Agreement executed on October 7, 2026, with Carl Cadwell, a member of the Board of Directors. Under the terms of the agreement, Mr. Cadwell exchanged 385,302 shares of Series C Preferred Stock for an equal number of shares of Series D Convertible Preferred Stock.

Simultaneously, Mr. Cadwell purchased 250,000 shares of Series D Convertible Preferred Stock for a purchase price of $250,000. The shares issued pursuant to this transaction are exempt from registration requirements under the Securities Act of 1933.

Following the completion of the exchange, there are no longer any outstanding shares of Series C Preferred Stock. The company currently holds 635,302 shares of Series D Convertible Preferred Stock, which carry a conversion price of $0.08 per share.