Transglobal approves 40B authorized common shares
A holder of a majority of the voting power approved the amendment by written consent, alongside approval by the board.
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Rhea-AI Filing Summary
On October 6, 2026, Transglobal Management Group, Inc. approved an amended and restated charter providing for an increase in authorized Common Stock from 20,000,000,000 shares to 40,000,000,000 shares and designating 8 of its 20,000,000 authorized Preferred Stock shares as Series B Preferred Stock. Each Series B share is convertible into 0.5% of issued and outstanding Common Stock, calculated immediately after conversion; the 8 shares represent 4% in aggregate on the restatement’s non-dilutive terms.
The restatement becomes effective upon filing with the Florida Department of State, which will occur no earlier than 20 calendar days after a definitive Information Statement is mailed to shareholders. The board and a holder of a majority of voting power approved the restatement.
8-K Event Classification
Key Figures
Key Terms
Amended and Restated Articles of Incorporation regulatory
Series B Preferred Stock technical
issued and outstanding Common Stock technical
non-dilutive terms technical
written consent regulatory
FAQ
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What are TMGI's Series B preferred conversion terms?
When does TMGI's charter restatement become effective?
AI-generated analysis. How Rhea-AI works. Not financial advice.