Nu-Med Plus issues 500,000 Series A preferred shares in unregistered sale under Regulation S
NUMD•Regulation S issuance
The securities were issued under Regulation S. Any U.S. resale would require registration or an exemption.
Voting and conversion terms
Each preferred share carries 20 votes and is convertible into 20 common shares, subject to a 4.999% ownership cap.
Full conversion could yield up to 10,000,000 common shares, excluding beneficial ownership limits.
Series A preferred shares issued to MegumaGold
Nu-Med Plus issued 500,000 shares of Series A Preferred Stock to MegumaGold in an unregistered sale tied to an asset acquisition.
The company said it received no cash proceeds and that no underwriter or placement agent participated in the transaction.
