Business Context and Reporting Period
This Form 8-K Current Report was filed by LiqTech International, Inc. on April 28, 2022. The report addresses a corporate governance action involving the company's capital structure, specifically the withdrawal of a prior designation for preferred stock.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a change to the company's Articles of Incorporation and does not contain financial performance data.
Material Changes
- Withdrawal of Preferred Stock Designation: The Company filed a Certificate of Withdrawal with the Nevada Secretary of State to withdraw the Certificate of Designation for its Series A Convertible Preferred Stock, originally filed on November 14, 2017.
- Share Status: The 2,210,357 shares previously designated as Series A Preferred Stock have been returned to the status of authorized but unissued shares of preferred stock without designation.
- Outstanding Shares: No shares of the Series A Preferred Stock were issued and outstanding at the time of this filing.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risks, contingencies, or unusual items. The document is limited to the procedural details of the stock designation withdrawal.
Investor Verification Checklist
- Verify the status of the 2,210,357 shares of Series A Preferred Stock to confirm they remain unissued.
- Review the attached Exhibit 3.1 (Certificate of Withdrawal) for the complete legal text of the amendment.
- Confirm that no other classes of preferred stock are currently outstanding or designated.