Aug. 7 at 11:01 PM
$FGMC
Offering last year makes it sound like there were 1,227,326,455 Preferred Shares and 3,000,000,000 common shares = 4.227B
4.227B /
$350MM = 12.07 which is likely where people are getting the 12:1 ratio.
As of March 31, 2024, our authorized capital stock consists of 20,000,000,000 shares. Of that amount, 6,600,000,000 shares are designated as Common Stock,
$0.00001 par value per share, with 3,000,000,000 outstanding as of March 31, 2024. 13,400,000,000 shares are designated as Preferred Stock,
$0.00001 par value per share, and as of March 31, 2024:
● 250,000,000 designated as Non-Voting Series A Preferred Stock, and 194,422,511 shares are outstanding;
● 1,100,000,000 designated as Non-Voting Series A-1 Preferred Stock, and 850,604,647 shares are outstanding;
● 2,050,000,000 designated as Non-Voting Series A-2 Preferred Stock, and 173,955,898 shares are outstanding; and
● 8,750,000,000 designated as Non-Voting Series A-3 Preferred Stock, and 8,343,400 shares are outstanding.
