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AMASS Brands (Nasdaq: AMSS) revises Series C, requests $2M

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

AMASS BRANDS INC (AMSS) amended the terms of its Series C Convertible Preferred Stock and initiated a new capital draw under an existing financing agreement. The company filed an Amended and Restated Certificate of Designation for up to 35,000 authorized shares of Series C Preferred Stock, par value $0.00001 per share.

The amended terms revise liquidation and deemed liquidation provisions, adjust certain conversion rights and conversion pricing for limited conversion events, modify the company’s optional redemption mechanics (clarifying that holders cannot require redemption except in an actual liquidation, dissolution or winding up), update event of default provisions and remedies, and refresh related definitions and restrictive covenants. Separately, under a Securities Purchase Agreement with Streeterville Capital, LLC, AMASS requested an additional purchase of Series C Preferred Stock with an aggregate purchase price of $2,000,000, which the investor is obligated to fund subject to the agreement’s conditions.

Positive

  • None.

Negative

  • None.

Filing Explained

The Series C amendment has moved from proposed terms to a filed, completed restatement: AMASS Brands filed it on August 19 after majority-holder consent and board approval.

Item 3.03 Material Modification to Rights of Security Holders Securities
A change was made that materially affects the rights of existing shareholders (e.g., dividend rights, voting rights).
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 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Authorized Series C Preferred Stock 35,000 shares Authorized shares of Series C Convertible Preferred Stock under the Certificate of Designation
Par Value of Series C Preferred Stock $0.00001 per share Par value of each share of Series C Convertible Preferred Stock
Additional Series C Purchase Request $2,000,000 aggregate purchase price Requested additional purchase by Streeterville Capital, LLC under the Securities Purchase Agreement
Trading Symbol AMSS Common stock listed on the Nasdaq Global Market
Amended and Restated Certificate of Designation regulatory
"filed with the Secretary of State of Delaware an Amended and Restated Certificate"
Series C Convertible Preferred Stock financial
"Preferences and Rights of Series C Convertible Preferred Stock"
Series C convertible preferred stock is a class of investment shares issued in a later private financing round that combine safety and upside: they usually pay ahead of ordinary shares if a company pays dividends or is sold, but can be converted into common stock to share in future growth. For investors this acts like a VIP ticket with a safety net—offering priority protection while preserving the option to participate in a successful exit.
liquidation and deemed liquidation event financial
"revised certain liquidation and deemed liquidation event provisions"
optional redemption provisions financial
"revised the Company’s optional redemption provisions and clarifies"
event of default provisions financial
"revised certain event of default provisions and remedies available"
restrictive covenants financial
"updated certain definitions, restrictive covenants and other rights"
Restrictive covenants are contract terms that limit what a company, its executives, or shareholders can do—like rules that prohibit selling stock, starting a rival business, or taking on certain debts. Think of them as house rules that protect one party’s interests by keeping risky or competitive actions off the table. For investors they matter because these limits affect a company’s flexibility, governance, potential future value and the ease of exiting an investment.

FAQ

What did AMSS change in the Series C Preferred Stock terms?

AMSS filed an Amended and Restated Certificate of Designation for its Series C Convertible Preferred Stock, revising liquidation provisions, conversion rights and pricing (including for limited conversion events), optional redemption terms, event of default remedies, and various definitions and restrictive covenants.

How many shares of Series C Preferred Stock can AMSS issue?

The Certificate of Designation provides for 35,000 authorized shares of AMSS’s Series C Convertible Preferred Stock, each with a par value of $0.00001 per share.

How much new capital is AMSS seeking under the Streeterville agreement?

On August 19, 2026, AMSS requested that Streeterville Capital, LLC purchase additional Series C Preferred Stock with an aggregate purchase price of $2,000,000, subject to the terms and conditions of the existing Securities Purchase Agreement.

Is the investor obligated to fund the $2,000,000 purchase from AMSS?

Yes. Under the Securities Purchase Agreement, as amended, Streeterville Capital, LLC is obligated to purchase the additional Series C Preferred Stock for $2,000,000 on the applicable closing date, subject to the agreement’s conditions.

Do Series C holders have a right to force AMSS to redeem their shares?

The amended terms clarify that Series C holders do not have a right to require redemption or repurchase of their shares, except in connection with an actual liquidation, dissolution or winding up of AMSS.

On which exchange is AMSS common stock listed?

AMASS BRANDS INC’s common stock is listed on the Nasdaq Global Market under the trading symbol AMSS.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
falseAMASS BRANDS0001851491CA--12-31 0001851491 2026-08-19 2026-08-19
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): August 19, 2026
 
AMASS BRANDS INC
(Exact name of registrant as specified in its charter)
 
Delaware
 
001-43286
 
81-5227282
(State or other jurisdiction of
incorporation or organization)
 
(Commission File Number)
 
(I.R.S. Employer
Identification No.)
 
860 E Stowell Road
Santa Maria,
CA
 
93454
(Address of principal executive offices)
 
(Zip Code)
 
(909) 293-8571
Registrant’s telephone number, including area code:
 
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General Instruction A.2. below):
 
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of Class
 
Trading Symbol
 
Name of Exchange On Which
Registered
Common Stock
 
AMSS
 
Nasdaq Global Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging Growth Company
x
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
¨
 
 
 
Item 3.03
Material Modification to Rights of Securityholders.
 
To the extent required by Item 3.03 of Form 8-K, the information contained in Item 5.03 of this Current Report on Form 8-K is incorporated by reference into this Item 3.03.
 
Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
 
Amendment and Restatement of Certificate of Designation
 
As previously disclosed, on May 20, 2026, AMASS Brands Inc (the “Company”) filed with the Secretary of State of Delaware a Certificate of Designation of Preferences and Rights of Series C Convertible Preferred Stock (the “Certificate of Designation”). The Certificate of Designation provides for the creation of 35,000 authorized shares of the Company’s Series C Convertible Preferred Stock, par value $0.00001 per share (the “Series C Preferred Stock”).
 
On August 19, 2026, upon obtaining the consent of a majority of the holders of the Series C Preferred Stock, and the approval of the Company’s Board of Directors in accordance with the Delaware General Corporation Law and the terms of the existing Certificate of Designation, the Company filed with the Secretary of State of Delaware an Amended and Restated Certificate of Designation of Preferences and Rights of Series C Convertible Preferred Stock (the “Amended and Restated Certificate of Designation”), which amended and restated in its entirety the Company’s existing Certificate of Designation.
 
The Amended and Restated Certificate of Designation, among other things: (1) revised certain liquidation and deemed liquidation event provisions applicable to the Series C Preferred Stock; (2) modified certain conversion rights and conversion pricing provisions particularly in connection with a limited conversion event; (3) revised the Company’s optional redemption provisions and clarifies that holders of Series C Preferred Stock do not have the right to require the Company to redeem or repurchase such shares, except in connection with an actual liquidation, dissolution or winding up of the Company; (4) revised certain event of default provisions and remedies available to holders; and (5) updated certain definitions, restrictive covenants and other rights, preferences, privileges and restrictions applicable to the Series C Preferred Stock.
 
The foregoing description of the Amended and Restated Certificate of Designation is qualified in its entirety by reference to the full text of the Amended and Restated Certificate of Designation, which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.
 
Item 8.01
Other Events.
 
On August 19, 2026, pursuant to that certain Securities Purchase Agreement, dated as of March 17, 2026, and as amended by that certain Global Amendment dated April 7, 2026, by and between the Company and Streeterville Capital, LLC (the “Investor”) (as amended, supplemented or otherwise modified from time to time, the “Purchase Agreement”), the Company delivered a request to the Investor for the purchase of additional shares of the Company’s Series C Preferred Stock with an aggregate purchase price of $2,000,000. Subject to the terms and conditions of the Purchase Agreement, the Investor is obligated to purchase such additional shares of Series C Preferred Stock on the applicable closing date.
 
Item 9.01
Financial Statements, Pro Forma Financial Information, and Exhibits.
 
(d) Exhibits
 
3.1
Amended and Restated Certificate of Designation of Preferences and Rights of Series C Convertible Preferred Stock of AMASS Brands, Inc, dated August 19, 2026.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
 
 
1
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
AMASS BRANDS INC
 
 
 
 
By:
/s/ Mark T. Lynn
 
 
Mark T. Lynn
Dated: August 21, 2026
 
Chief Executive Officer
 
2

Filing Exhibits & Attachments

2 documents