Ridgetech Inc. (RDGT) Form 6-K — Jul 21, 2026
Ridgetech Inc. has authorized the issuance of 2,000,000 Series A Preferred Shares, a class of stock that carries 100 votes per share, which constitutes a significant shift in the company's voting power structure. The Board of Directors approved this designation to promote leadership continuity and enhance the company's ability to defend against hostile takeover attempts, subject to home country corporate governance practice exemptions. Chairman Lingtao Kong entered into a subscription agreement to purchase 100,000 of these Series A Preferred Shares at a price of $0.001 per share, resulting in a total transaction value of $100.
Key figures
- Gross Proceeds
- 100
- Offering Price
- 0.001
- Shares Authorized
- 2,000,000
- Shares Subscribed
- 100,000
- Total Votes Acquired
- 10,000,000
- Votes Per Preferred Share
- 100
AI analysis
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