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Mangoceuticals, Inc. says it changed the rights of stockholders and created a new Series D Preferred Stock.

New sharesRead the original at SEC EDGAR
Bad for MGRX

Mangoceuticals set Series D shares ahead of common shares for dividends and payouts, and waived some Series B and C protections. No Series D shares were issued, and existing Series C dividends remain recorded, but they rank behind Series D.

MGRX · Mangoceuticals, Inc.

AI read · Bad for MGRX

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Common shareholders would wait behind Series D holders for dividends and money distributed if the company closes. The amendments also waive some Series B and C protections for Series D transactions. No Series D shares were issued, so those new payment claims do not yet exist. Existing Series C dividends remain recorded, but Series D would still rank ahead of them.

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