BILI Social International, Inc. (AGGI) ends Series B preferred, authorizes 40B common shares
Rhea-AI Filing Summary
BILI Social International, Inc. changed its capital structure by terminating its previously designated Series B Preferred Stock. The board approved this action on August 7, 2026 and Articles of Amendment were filed with the Florida Secretary of State, effective immediately. No shares of Series B Preferred Stock were outstanding at the time of termination.
After this change, the company has authorized 40,000,000,000 shares of common stock and 120,000,000 shares of preferred stock, each with a par value of $0.001. The board is authorized under the Florida Business Corporation Act, including Section 607.0602, to create future series of preferred stock and set their designations, rights, and preferences by board resolution.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.03, 9.01
2 items
Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Prior Series B Preferred designation: 118,000,000 shares
Authorized common stock: 40,000,000,000 shares
Authorized preferred stock: 120,000,000 shares
+2 more
5 metrics
Prior Series B Preferred designation
118,000,000 shares
Shares of preferred stock previously designated as Series B Preferred Stock on October 22, 2024
Authorized common stock
40,000,000,000 shares
Common stock authorized after termination of Series B Preferred Stock, $0.001 par value
Authorized preferred stock
120,000,000 shares
Preferred stock authorized after termination of Series B Preferred Stock, $0.001 par value
Par value
$0.001
Par value per share for both common and preferred stock
Effective date of amendment
August 7, 2026
Articles of Amendment became effective immediately upon filing with Florida Secretary of State
Key Terms
Series B Preferred Stock, Articles of Amendment, Florida Business Corporation Act, preferences, limitations, relative rights
4 terms
Series B Preferred Stock financial
"terminated the designations, rights and preferences of the Series B Preferred Stock"
Series B preferred stock is a type of ownership share issued by a company that offers certain advantages over common stock, such as priority in receiving dividends or assets if the company is sold or liquidated. It is typically issued after an initial round of funding, making it a way for investors to support a company's growth while gaining some protections and benefits. This stock matters to investors because it often provides a more secure investment position with potential for future growth.
Articles of Amendment regulatory
"filed Articles of Amendment to its Articles of Incorporation relating to the Series B"
Articles of amendment are official documents a corporation files with the government to record changes to its foundational details, such as its name, share structure, authorized capital, or bylaws. Think of them like updating a company’s recipe or blueprint so everyone knows the new ingredients and rules; investors use them to track structural shifts that can affect ownership, voting power, dilution risk, or a company’s strategic flexibility.
Florida Business Corporation Act regulatory
"to the fullest extent permitted by the Florida Business Corporation Act, including Section"
preferences, limitations, relative rights financial
"to fix the number of shares constituting such series and the preferences, limitations, relative rights"
FAQ
What corporate change did BILI Social International, Inc. (AGGI) report on August 7, 2026?
BILI Social International, Inc. reported that its board approved the termination of the Series B Preferred Stock designation and filed Articles of Amendment in Florida to remove the related provisions from its Articles of Incorporation.
What is the new preferred stock authorization for BILI Social International, Inc. (AGGI)?
The company is authorized to issue 120,000,000 shares of preferred stock with a $0.001 par value. The board may create one or more preferred series and set each series’ designation, rights, and preferences by resolution.
What flexibility does AGGI’s board have over preferred stock after this amendment?
Under the Florida Business Corporation Act, including Section 607.0602, the board may establish preferred stock in one or more series and fix each series’ preferences, limitations, relative rights, and other terms by adopting resolutions.
When did the Articles of Amendment for AGGI’s capital change become effective?
The company stated that the Articles of Amendment filed with the Florida Secretary of State on August 7, 2026 became effective immediately upon filing, making the Series B Preferred Stock termination effective that same day.
AI-generated analysis. How Rhea-AI works. Not financial advice.
