General Enterprise Ventures: Preferred Stock Amendments
Ticker: CITR · Form: 10-Q · Filed: May 20, 2025 · CIK: 894556
Sentiment: neutral
Topics: preferred-stock, amendment, filing
TL;DR
GEVI amended preferred stock, designating 10M shares Series A & 10M shares Series C. Watch dilution.
AI Summary
General Enterprise Ventures, Inc. filed a 10-Q for the period ending March 31, 2025. The company amended and restated its Series A Convertible Preferred Stock on March 29, 2024, designating 10,000,000 shares. Additionally, on March 17, 2025, they amended and restated their Series C Convertible Preferred Stock, also designating 10,000,000 shares.
Why It Matters
Changes to preferred stock designations can impact future equity dilution and investor rights, potentially affecting the company's financial structure and stock valuation.
Risk Assessment
Risk Level: medium — Amendments to convertible preferred stock can introduce complex financial instruments that may lead to significant dilution or changes in control.
Key Numbers
- 10,000,000 — Series A Preferred Stock Shares (Designated on March 29, 2024)
- 10,000,000 — Series C Preferred Stock Shares (Designated on March 17, 2025)
Key Players & Entities
- General Enterprise Ventures, Inc. (company) — Filer of the 10-Q
- March 29, 2024 (date) — Date of Series A Preferred Stock amendment
- 10,000,000 (dollar_amount) — Number of Series A Preferred Stock shares designated
- March 17, 2025 (date) — Date of Series C Preferred Stock amendment
- 10,000,000 (dollar_amount) — Number of Series C Preferred Stock shares designated
FAQ
What are the specific rights and privileges associated with the Series A Preferred Stock designated on March 29, 2024?
The filing states that the Series A Preferred Stock has specific rights and privileges, but does not detail them in the provided text.
What are the specific rights and privileges associated with the Series C Convertible Preferred Stock designated on March 17, 2025?
The filing indicates that the Series C Convertible Preferred Stock has specific rights and privileges, but these are not detailed in the provided text.
What is the par value of the Series A Preferred Stock?
The par value of the Series A Preferred Stock is $0.0001.
Has General Enterprise Ventures, Inc. undergone any name changes prior to its current name?
Yes, the company was formerly known as GENERAL ENTERTAINMENT VENTURES, INC. and GENERAL ENVIRONMENTAL VENTURES, INC., and prior to that, GENERAL ENVIRONMENTAL MANAGEMENT, INC.
What is the fiscal year end for General Enterprise Ventures, Inc.?
The fiscal year end for General Enterprise Ventures, Inc. is December 31.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 20, 2025 regarding General Enterprise Ventures, Inc. (CITR).