Summary by Moomoo AI
Asset Entities filed two amendments to its Series A Convertible Preferred Stock Certificate of Designation on September 4, 2024. The Second Amended Designation enables modifications to beneficial ownership limitation provisions, while the Third Amended Designation revises conversion and ownership limit terms.Key changes include allowing holders to submit multiple conversion notices simultaneously and implementing a 4.99% beneficial ownership limit for Class B Common Stock conversions. Excess shares will be held in abeyance until holder ownership falls below the threshold. Both amendments received approval from all Series A Preferred stockholders on September 3, 2024.
