0001539497-26-001152
SEC filingGreen Stream Holdings Inc. adopted new bylaws and a certificate of determination on April 17, 2026, establishing a new Convertible X Preferred Stock with 100% liquidation preference and 99% voting control held by Series B Preferred Stock.
The filing represents a significant restructuring of Green Stream Holdings Inc.'s capital structure and shareholder rights through the adoption of amended bylaws and a certificate of determination. The most material change is the creation of a new Convertible X Preferred Stock class with extraordinary rights, including a 100% liquidation preference that places these shareholders first in line for corporate assets after debts are paid, ahead of all common and other preferred stockholders. This effectively subordinates all other equity holders in liquidation scenarios. Simultaneously, the Series B Convertible Preferred Stock consolidates 99% of total voting control, with 600,000 shares held by the We Work Revocable Trust, creating a concentrated voting power structure. The Convertible X Preferred Stock also carries protective provisions requiring holder approval for litigation settlements, material asset dispositions, debt incurrence, or issuance of senior securities during Litigation Events, giving these shareholders substantial control over corporate actions during legal proceedings. The fixed 1:1,000,000 conversion ratio for Convertible X Preferred Stock is not subject to adjustment for stock splits or other corporate actions, and conversion is limited by a 9.9% beneficial ownership cap for non-director holders. These changes fundamentally alter the risk-reward profile for common shareholders, who now have substantially diluted economic and voting rights relative to the preferred stock classes.