Asset Entities (NASDAQ:ASST) Files Fourth Amended Designation for Series A Convertible Preferred Stock

Asset Entities Inc., a Nevada corporation, disclosed on January 22, 2025, that it has submitted an amendment known as the “Fourth Amended Designation” to the Certificate of Designation of Series A Convertible Preferred Stock. This amendment, recorded with the Secretary of State of Nevada on various dates leading up to January 22, 2025, notably sets the “Floor Price” at $0.18, adjustable for certain events such as stock splits, dividends, or combinations.

The Fourth Amended Designation, taking immediate effect upon filing, signifies a pivotal shift in the terms associated with the Series A Convertible Preferred Stock held by Asset Entities Inc. The company has stressed the need for investors and stakeholders to refer to the complete document, available as Exhibit 3.1 in the Current Report on Form 8-K, for an in-depth understanding of the alterations made.

Moreover, the information detailed under Item 3.03 has been merged into Item 5.03, relating to Amendments to Articles of Incorporation or Bylaws and any changes in the fiscal year. This strategic decision aims to streamline regulatory compliance and provide a comprehensive view of the modifications made by Company officials.

In conjunction with these changes, the holder of all outstanding shares of the Series A Preferred Stock ratified the Fourth Amended Designation through written consent on January 21, 2025. This move aligns with the corporate governance practices of Asset Entities Inc., emphasizing transparency and shareholder participation in crucial decisions.

Alongside these pivotal shifts, the company has ensured compliance with disclosure requirements by including relevant exhibits in the filing. Exhibit 3.1, providing insights into the Certificate of Amendment to Designation of Series A Convertible Preferred Stock of Asset Entities Inc., is crucial for interested parties seeking detailed information about the changes.

This regulatory filing underscores Asset Entities Inc.’s commitment to maintaining transparent communication with investors and stakeholders, ensuring clarity and compliance with applicable regulations. The company remains focused on upholding high standards of corporate governance and fostering trust among its investor base through strategic decisions and regulatory adherence.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Asset Entities’s 8K filing here.

About Asset Entities

Asset Entities Inc, a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.