Transglobal Management Group's Board of Directors and majority shareholders approved an Amended and Restated Articles of Incorporation that increases the company's authorized Common Stock from 20 billion to 40 billion shares. The filing also designates eight of the 20 million authorized Preferred Stock shares as Series B Preferred, with each share convertible into 0.5% of outstanding common stock on a non-dilutive basis, representing 4% in aggregate. This governance change was approved via written consent and will become effective upon filing with the Florida Department of State after mailing an Information Statement to shareholders. The company operates in the management services industry.
