Material Modification to Rights of Security

 

Terra Tech Corp. (the “

Company

”) previously disclosed that in connection with the resignation of Derek Peterson, former member of the Board and Chief Strategy Officer, it agreed to the conversion of his Series A Preferred Stock, and that immediately prior to the conversion of his Series A Preferred Stock, the Company intended to file an amendment to the Series A Preferred Stock certificate of designation (the “

COD Amendment

”). On January 26, 2021, the Company filed the COD Amendment with the Secretary of State of the State of Nevada.

 

Each share of Series A Preferred Stock was initially convertible into one share of the Company’s common stock. Pursuant to the COD Amendment, each share of Series A Preferred Stock is convertible into (i) 4,121,428.5 f ully paid and nonassessable shares of common stock and (ii) 1,236,263.75 common stock purchase warrants, each exercisable at $0.01 for the purchase of one share of the Company’s common stock, which warrants expire in June 2026, and are subject to other customary terms and conditions.

 

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

 

The information set forth under Item 3.03 is incorporated by reference into this Item 5.03.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.

 

Description

 

 

 

3.1

 

Amendment to Series A Preferred Stock certificate of designation, dated January 26, 2021.

 

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

TERRA TECH CORP.

 

 

 

 

Dated: February 1, 2021

By:

/s/

 

Francis Knuettel II

 

 

 

Francis Knuettel II

 

 

 

Chief Executive Officer

 

 

 

3

 



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Other recent filings from the company include the following:

Entry into a Material Definitive - April 14, 2021
Current report, items 1.01, 5.02, 8.01, and 9.01 - April 9, 2021
Terra Tech Corp. insider just declared owning 0 shares of Terra Tech Corp. - April 8, 2021
Terra Tech Corp. Announces New Board Member - April 8, 2021
Statement of changes in beneficial ownership of securities - April 8, 2021

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