NightFood Holdings Inc. announced an amendment to the conversion method of its Series B Preferred Stock. The new terms allow all outstanding Series B Preferred shares to be converted into common stock upon the consent of holders owning at least 50.1% of the Series B Preferred shares. Each share of Series B Preferred Stock is now convertible into 8,366 shares of common stock. The amendment was unanimously approved by the board and a majority of Series B Preferred shareholders.
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