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Zevia PBC ZVIA

Zevia PBC raises $15M in preferred stock

Item 1.01 Enters material agreement, Item 3.02 Unregistered share sale, Item 3.03 Changes shareholder rights

Form
8-K
Filed
Importance
Major
  1. Issued 15,000 shares of Series A Preferred Stock for $15M
  2. Agreed to issue 5,000 more shares for $5M if sales reach $172.5M
  3. Purchaser gets board designee if owning 10,000 shares or 8% of common stock
  4. Voting limitations restrict Purchaser to 20% of common stock votes

Written from the 8-K on EDGAR. Check the filing before you rely on it.

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