ENvue Medical (FEED) removes Series H Floor Price for $2.5M right
Rhea-AI Filing Summary
ENvue Medical, Inc. entered into an Amendment Agreement with required holders of its Series H Convertible Preferred Stock. The parties agreed to amend the existing Certificate of Designations by filing a Certificate of Amendment that removes the defined Floor Price applicable to the Series H preferred.
In return, holders of the Preferred Stock agreed to exercise
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Insights
ENvue exchanges Floor Price removal for a $2.5M additional investment right exercise.
ENvue Medical, Inc. and the required holders of its Series H Convertible Preferred Stock agreed to amend the preferred terms by removing the defined Floor Price from the Certificate of Designations through a Certificate of Amendment effective on
In consideration for this change, the holders agreed to exercise
The change constitutes a material modification of security holder rights and an amendment to the company’s charter documents. Future disclosures may provide more detail on how the revised preferred stock terms interact with common shareholders and any subsequent investment activity by the Series H holders.
FAQ
What did ENvue Medical (FEED) change in its Series H preferred stock terms?
ENvue Medical amended the Certificate of Designations for its Series H Convertible Preferred Stock. The company filed a Certificate of Amendment removing the defined Floor Price from those preferred share terms, effective upon filing with the Delaware Secretary of State on January 30, 2026.
Why did ENvue Medical (FEED) agree to remove the Floor Price on its Series H preferred?
The required holders of ENvue’s Series H preferred agreed to an amendment removing the Floor Price in exchange for exercising
What is the size of the Additional Investment Right exercised in ENvue Medical’s 8-K?
The holders of ENvue Medical’s Series H Convertible Preferred Stock agreed to exercise
When did ENvue Medical’s amendment to the Series H preferred terms become effective?
The Certificate of Amendment to the Series H Convertible Preferred Stock Certificate of Designations became effective upon filing with the Delaware Secretary of State. ENvue Medical filed this Certificate of Amendment on
Which documents related to ENvue Medical’s Series H amendment are filed as exhibits?
ENvue Medical filed the Certificate of Amendment to the Series H Convertible Preferred Stock Certificate of Designations as Exhibit 3.1. The form of the Amendment Agreement with the preferred holders is filed as Exhibit 10.1 to the same report.
How does ENvue Medical’s 8-K affect rights of Series H preferred security holders?
The 8-K describes a material modification to rights of Series H preferred holders by removing the Floor Price term from the Certificate of Designations. This change is implemented through the Certificate of Amendment effective upon filing in Delaware.