Transglobal Management Group files draft information statement for authorized share increase
TMGI•Transglobal Management Group shareholders authorized doubling the company’s authorized common shares to 40 billion from 20 billion. Its Series B Preferred Stock can convert into up to 4% of common stock in aggregate.
1. Share authorization
The company’s amended and restated charter increases authorized common stock to 40 billion shares from 20 billion and designates eight Series B Preferred shares within 40 million authorized preferred shares. Each Series B share can convert into 0.5% of common stock, for up to 4% dilution in aggregate. The corporate action and record date were Oct. 6, 2026, when 778,330,828 common shares were outstanding.
