Caring Brands, Inc. filed amendments to its Certificate of Designation for Series A Convertible Preferred Stock and Series B Convertible Preferred Stock, as well as an amendment to its PIPE Common Stock Purchase Warrants. The filings establish a minimum conversion price (floor) of $0.16 per share for the Series A Preferred and a floor of $0.266 per share for the Series B Preferred and associated warrants. These amendments were implemented to address Nasdaq requirements regarding the review of the PIPE transaction and related accounting considerations, preventing future anti-dilution adjustments from reducing conversion or exercise prices below these specified thresholds. The company operates in the senior living and healthcare services industry.
