CDIXD (CDIXD) — Current Report

Key Insights

• Cardiff Lexington Corporation has filed an 8-K report indicating they have amended the Certificate of Designation for their Series N Senior Convertible Preferred Stock. The key change is the removal of the redemption provisions, which previously allowed for optional redemption by the company and mandatory redemption at the option of the holder.
• The amendment to the Certificate of Designation was approved by the required holders of the Series N Senior Convertible Preferred Stock.
• This change to the rights of the Series N preferred shareholders could impact the investment thesis and valuation of this security, and should be closely evaluated by investors.