Item 1.01. Entry into a Material Definitive Agreement.
On
The principal feature of the Series C Preferred Stock is that it provides the
holder thereof, so long as he or she is an executive officer of the Company,
with the ability to vote with the holders of the Company's common stock on all
matters presented to the holders of common stock, whether at a special or annual
meeting, by written action in lieu of a meeting or otherwise, on the basis of
200,000 votes for each share of Series C Preferred Stock. The shares of Series C
Preferred Stock are not convertible into common stock, are not entitled to
dividends, are not subject to redemption, and have a stated value of
In light of the Company's limited financial resources, the Board determined that
the sale of the Series C Preferred Stock to
The description of the Series C Preferred Stock set forth above is qualified in its entirety by reference to the actual terms of the Certificate of Designation designating the Series C Preferred Stock, which has been filed as Exhibit 3.1 hereto and which is incorporated herein by reference.
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit 3.1 Certificate of Designation of the Series C Preferred Stock ofDigipath, Inc. , filed with the Secretary of State of theState of Nevada onJuly 20, 2022 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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