Vivos Inc. has filed a Certificate of Designations with the Secretary of State for the State of Delaware to establish Series D Convertible Preferred Stock. The filing, dated September 28, 2026, and signed by Chief Executive Officer Michael K. Korenko on October 5, 2026, details the terms for the issuance of 1.0 million shares of the Company’s authorized preferred stock.
Each share of the Series D Preferred has a stated value of $1.00 and a liquidation preference equal to $1.00 per share. The shares rank senior to the Company’s Common Stock and all other junior equity securities. Holders of the Series D Preferred are entitled to vote on all matters alongside Common Stock holders and receive fifty votes for every share of Common Stock that would be issued upon conversion.
Conversion of the Series D Preferred is permitted at any time. The conversion rate is determined by dividing the stated value of the shares by $0.08. The Series D Preferred includes a beneficial ownership limitation, restricting a holder from converting shares if doing so would cause them to beneficially own more than 4.99% of the Common Stock outstanding, or 9.99% with 61 days’ prior written notice to the Company.
