Asset Entities Inc. Files 8-K on Security Holder Matters
Ticker: SATA · Form: 8-K · Filed: Jan 22, 2025 · CIK: 1920406
| Field | Detail |
|---|---|
| Company | Asset Entities Inc. (SATA) |
| Form Type | 8-K |
| Filed Date | Jan 22, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $0 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, filing, security-holders
TL;DR
Asset Entities Inc. filed an 8-K detailing changes to security holder rights and corporate governance.
AI Summary
Asset Entities Inc. filed an 8-K on January 22, 2025, reporting on events that occurred on January 21, 2025. The filing indicates material modifications to security holder rights, amendments to its articles of incorporation or bylaws, and the submission of matters to a vote of security holders. It also includes financial statements and exhibits.
Why It Matters
This 8-K filing signals significant corporate actions by Asset Entities Inc. that could impact the rights and governance of its security holders.
Risk Assessment
Risk Level: medium — The filing indicates material modifications to security holder rights and amendments to corporate documents, which can introduce uncertainty or changes in shareholder value.
Key Numbers
- 001-41612 — SEC File Number (Identifies Asset Entities Inc.'s filing with the SEC.)
- 88-1293236 — IRS Employer Identification No. (Tax identification number for Asset Entities Inc.)
Key Players & Entities
- Asset Entities Inc. (company) — Filer of the 8-K report
- January 21, 2025 (date) — Earliest event date reported in the 8-K
- January 22, 2025 (date) — Filing date of the 8-K
- 100 Crescent Ct, 7th Floor, Dallas, TX 75201 (address) — Principal executive offices of Asset Entities Inc.
FAQ
What specific material modifications were made to the rights of security holders?
The filing indicates 'Material Modifications to Rights of Security Holders' as an item, but the specific details of these modifications are not provided in the provided text snippet.
What amendments were made to Asset Entities Inc.'s articles of incorporation or bylaws?
The filing lists 'Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year' as an item, but the specific content of these amendments is not detailed in the provided text.
What matters were submitted to a vote of security holders?
The filing notes 'Submission of Matters to a Vote of Security Holders' as an item, but the specific matters voted upon are not detailed in the provided text.
When was Asset Entities Inc. incorporated and in which state?
Asset Entities Inc. was incorporated in Nevada, as indicated by the filing.
What is the business address and phone number for Asset Entities Inc.?
The business address is 100 Crescent Ct, 7th Floor, Dallas, TX 75201, and the phone number is (214) 459-3117.
Filing Stats: 734 words · 3 min read · ~2 pages · Grade level 11.5 · Accepted 2025-01-22 17:00:11
Key Financial Figures
- $0.0001 — hich registered Class B Common Stock, $0.0001 par value per share ASST The Nasdaq
- $0 — e term "Floor Price" will be defined as $0.18, subject to adjustments for any stoc
Filing Documents
- ea0228437-8k_asset.htm (8-K) — 28KB
- ea022843701ex3-1_asset.htm (EX-3.1) — 5KB
- ex3-1_001.jpg (GRAPHIC) — 809KB
- ex3-1_002.jpg (GRAPHIC) — 35KB
- 0001213900-25-005554.txt ( ) — 1371KB
- asst-20250121.xsd (EX-101.SCH) — 3KB
- asst-20250121_lab.xml (EX-101.LAB) — 33KB
- asst-20250121_pre.xml (EX-101.PRE) — 22KB
- ea0228437-8k_asset_htm.xml (XML) — 4KB
03 Material Modification to Rights of Security Holders
Item 3.03 Material Modification to Rights of Security Holders. On January 22, 2025, Asset Entities Inc., a Nevada corporation (the "Company"), filed an amendment (the "Fourth Amended Designation") to the Certificate of Designation of Series A Convertible Preferred Stock of the Company filed with the Secretary of State of the State of Nevada on May 24, 2024, as amended by the Certificate of Amendment to Designation of Series A Convertible Preferred Stock of Asset Entities Inc. filed with the Secretary of State of the State of Nevada on June 14, 2024, as amended by the Certificate of Amendment to Designation of Series A Convertible Preferred Stock of Asset Entities Inc. filed with the Secretary of State of the State of Nevada at 9:58 a.m. Pacific Daylight Time on September 4, 2024, as amended by the Certificate of Amendment to Designation of Series A Convertible Preferred Stock of Asset Entities Inc. filed with the Secretary of State of the State of Nevada at 11:38 a.m. Pacific Daylight Time on September 4, 2024 (as amended, the "Certificate of Designation"). The Fourth Amended Designation amended the Certificate of Designation to provide that the term "Floor Price" will be defined as $0.18, subject to adjustments for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions. The Fourth Amended Designation became effective immediately upon filing. A copy of the Fourth Amended Designation is filed as Exhibit 3.1 to this Current Report on Form 8-K, and the description above is qualified in its entirety by reference to the full text of such exhibit.
03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. The information set forth under Item 3.03 of this Current Report on Form 8-K is incorporated by reference into this Item 5.03.
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. On January 21, 2025, the holder of all of the outstanding shares of the Series A Preferred Stock approved the Fourth Amended Designation by written consent.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 3.1 Certificate of Amendment to Designation of Series A Convertible Preferred Stock of Asset Entities Inc. filed with the Secretary of State of the State of Nevada on January 22, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 22, 2025 ASSET ENTITIES INC. /s/ Arshia Sarkhani Name: Arshia Sarkhani Title: Chief Executive Officer and President 2