JX Luxventure (JXJT) has released an update.
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JX Luxventure Limited has announced the creation of a new Series E Convertible Preferred Stock, with 1,000,000 shares at a par value of $0.0001 each and an initial stated value of $3.00 per share. These preferred stocks are convertible into common stock at a 1-to-10 ratio, offering potential for conversion-based growth for investors. The preferred stock shares will rank equally with common stock in terms of liquidation rights and will be eligible for dividends as declared by the company’s board.
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