Black Titan Corporation filed a 6-K disclosing authorization of 800 Series B Convertible Preferred Shares with $1,000 stated value each, a $800,000 settlement with David Lazar, and amendments to convertible note agreements with ATW Digital Asset Opportunities XII LLC.
Key takeaways
Authorized 800 Series B Convertible Preferred Shares at $0.001 par value and $1,000 stated value, convertible into ordinary shares at 20% discount to 5-day VWAP.
Entered settlement agreement paying David Lazar $800,000 by April 7, 2026, resolving dispute over prior special bonus with mutual releases.
Amended Securities Purchase Agreement, Registration Rights Agreement, and Senior Unsecured Convertible Note with ATW for $1,515,000 principal, updating share reservations to 100% and setting floor price at $0.3248.
Preferred shares carry dividend rights equal to ordinary shares on as-converted basis, no voting rights except protective provisions, and liquidation rights pari passu with ordinary shares.
Company to reimburse Holder's counsel $12,500 for amendment-related expenses.
Issued Exhibit 99.1 research note on digital asset sector trends including equity tokenization and agentic finance.