Dogecoin Cash, Inc. Confirms Stock Dividend Record and Payment Dates; FINRA Publication Completed

Rhea-AI Summary

Dogecoin Cash (OTC: CBDS) has confirmed the finalization of its previously announced stock dividend distribution, now published on FINRA's Daily List. The dividend will be paid on May 9, 2025, with a record date of November 25, 2024. For every 1,000 shares of common stock, shareholders will receive one share of unrestricted Series A Preferred stock.

The preferred shares come with unique features: they entitle holders to receive one common share annually (if declared by the Board) for holders of record as of November 25 each year. While not convertible, the company can redeem these preferred shares before October 25, 2034, at a rate of 10 common shares per preferred share. Fractional shares will be rounded up, and no ex-dividend date has been set.

Positive

• Distribution of new preferred stock provides additional value to shareholders
• Preferred shares offer potential annual common stock distributions
• Favorable 10:1 redemption ratio for preferred shares if company exercises redemption
• Fractional shares will be rounded up, benefiting smaller shareholders

Negative

• High threshold of 1,000 common shares required to receive one preferred share
• Preferred stock distributions are subject to Board approval, not guaranteed
• Company maintains discretionary redemption rights, creating uncertainty for shareholders

MESQUITE, NV, May 06, 2025 (GLOBE NEWSWIRE) --

March 10, 2025 – Mesquite, NV – Dogecoin Cash, Inc. ($CBDS), a publicly traded leader in blockchain innovation, is excited to announce its strategic expansion into the rapidly growing meme coin 

MESQUITE, NV – May 6, 2025 – Dogecoin Cash, Inc. (OTC: CBDS) today announced that its previously declared stock dividend distribution has been finalized and is now reflected in the Financial Industry Regulatory Authority’s (FINRA) Daily List. The Company confirms that the payment date for this distribution is now set for May 9, 2025, while the record date remains November 25, 2024, as originally announced. The Company notes that no changes have been made to the amount or terms of the dividend.

As a Nevada corporation, and in accordance with general corporate law principles, the adjustment of a payment date—where the record date and distribution amount remain fixed—is considered a ministerial action. Therefore, the change has been authorized by management without requiring additional Board approval.

Item 8.01 – Other Events

Dogecoin Cash, Inc. (OTC: CBDS) received confirmation from the Financial Industry Regulatory Authority (FINRA) that its previously announced stock dividend, payable in a separate equity security, has been published on the FINRA Daily List today with a payable date of May 9, 2025.

As previously disclosed in public announcements, the dividend consists of a distribution of a new class of preferred stock to shareholders of record. For every 1,000 shares of common stock held on November 25, 2024, shareholders will receive one (1) share of unrestricted preferred stock of the issuer.

This preferred stock, designated as Series A Preferred pursuant to a Certificate of Designation filed with the Nevada Secretary of State on November 13, 2024, carries the right to receive, if and when declared by the Board of Directors, one (1) share of common stock annually per preferred share, provided the holder is of record as of November 25 of the applicable year. The stock is not convertible but may be redeemed at the Company’s discretion on or before October 25, 2034, at a rate of ten (10) shares of common stock for each preferred share.

The symbol for Dogecoin Cash, Inc. common stock will remain CBDS until a new symbol is applied for. A trading symbol for the preferred shares has not yet been assigned. FINRA has indicated that no ex-dividend date will be established for this event.

Fractional shares will be rounded up to one whole share.

About Dogecoin Cash, Inc. (CBDS)

Dogecoin Cash, Inc. (OTCQB: CBDS) is a publicly traded company that owns and operates PrestoDoctor, a trusted leader in medical cannabis telemedicine. CBDS holds the first patented cannabis strain, Ecuadorian Sativa aka “CTA”, and a patented cannabis lozenge for treatment of hypertension. CBDS engages in cannabis product development and licensing, as well as blockchain innovation. The company is actively engaged in leveraging emerging digital assets, decentralized finance (DeFi) solutions, and blockchain technology to enhance its offerings and create new market opportunities.

Disclaimer:
Dogecoin Cash, Inc., and the DogeCoin Cash (DOG) token were inspired by the well-known cryptocurrency Dogecoin (DOGE); however, Dogecoin Cash, Inc. is not affiliated with, endorsed by, or associated with Dogecoin or its development team.

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in the Company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release, and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed on the Company's website and filings.

This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those projected. For a detailed discussion of these risks and uncertainties, please refer to Dogecoin Cash, Inc.'s filings with the SEC.

Contact Information: info@cbds.com

Contact Information: info@cbds.com

FAQ

What is the CBDS stock dividend ratio and payment date?

Shareholders will receive 1 preferred share for every 1,000 common shares held as of November 25, 2024. The payment date is May 9, 2025.

What are the key benefits of Dogecoin Cash's preferred stock dividend?

The preferred shares can receive 1 common share annually if declared by the Board, and can be redeemed by the company at a 10:1 ratio (10 common shares per preferred) before October 25, 2034.

When is the record date for CBDS stock dividend?

The record date for the CBDS stock dividend is November 25, 2024.

How will fractional shares be handled in the CBDS dividend distribution?

Fractional shares will be rounded up to one whole share.

What happens to the CBDS stock symbol after the dividend?

The CBDS symbol will remain unchanged for common stock until a new symbol is applied for. The preferred shares' trading symbol has not yet been assigned.