Cardiff Lexington Corp.

12/04/2024 | Press release | Distributed by Public on 12/04/2024 12:58

Corporate Action Form 8 K

Item 3.03 Material Modification to Rights of Security Holders.

On November 27, 2024, Cardiff Lexington Corporation (the "Company") filed Certificates of Amendment to the Certificates of Designation for the Company's Series B Preferred Stock, Series C Preferred Stock, Series E Preferred Stock, Series I Preferred Stock and Series Y Senior Convertible Preferred Stock (the "Amendments") with the Nevada Secretary of State's Office, pursuant to which (i) the Certificates of Designation for the Company's Series B Preferred Stock, Series C Preferred Stock, Series E Preferred Stock and Series I Preferred Stock were amended to provide that the conversion prices for such series of Preferred Stock shall be subject to adjustment for reverse stock splits or other stock combinations with respect to the Company's Common Stock and (ii) the Certificate of Designation for the Company's Series Y Senior Convertible Preferred Stock was amended to increase the number of authorized shares of Series Y Senior Convertible Preferred Stock from 1,000,000 shares to 1,250,000 shares. The Amendments were approved by the requisite holders of each series of Preferred Stock.

The foregoing summary of the Amendments is qualified in its entirety by reference to the full text of the Amendments, copies of which are filed as exhibits to this report and are incorporated by reference herein.