0001539497-26-001104
SEC filingGreen Stream Holdings Inc. completed redomicile from Wyoming to California on March 19, 2026, adopting new bylaws that grant Series B Preferred Stock 99% of total shareholder voting power.
The redomicile from Wyoming to California, effective March 19, 2026, fundamentally alters the Company's governance structure through new bylaws filed as Exhibit 3.2. Most significantly, Series B Convertible Preferred Stock, with 600,000 shares held by the We Work Revocable Trust, commands 99% of total shareholder voting power on all matters, calculated as 600,000,000,000 votes against 435,239,703 common shares outstanding at adoption. This super-voting provision cannot be diluted by future common stock issuances, effectively concentrating control with Series B holders regardless of economic ownership. Series A and C Preferred offer conversion into common at a highly dilutive 1,000:1 ratio, capped by a 9.99% beneficial ownership limit, providing potential equity upside while preserving voting dominance. Common shareholders face no preemptive rights and no cumulative voting, further limiting their influence. Board resolutions in Exhibit 3.1 confirm seamless continuity of all existing shares and shareholder rights post-redomicile, with officers authorized to handle compliance. Investors should note this shift entrenches insider control, potentially impacting takeover prospects, strategic decisions, and common stock value.