OriginClear preferred shareholders exchange multiple series

Chicago, April 20 – OriginClear Inc. preferred shareholders agreed to exchange certain series of preferred stock for other series of preferred stock between March 17 and April 15, according to an 8-K filing with the Securities and Exchange Commission.

Namely, shareholders exchanged 170 shares of series I preferred stock, 765 shares of series K preferred stock and an aggregate of 100 series O preferred stock for 1,035 shares of the company’s series R preferred stock.

Additionally, on April 14 the company entered into exchange agreements with shareholders where the holders exchanged 25 shares of series G preferred stock for 25 shares of series S preferred stock.

Separately, between March 31 and April 19 the company issued to consultants and one employee a total of 7,892,987 shares of the company’s common stock for services and 68,571 shares of common stock in exchange for series D-1 preferred stock.

OriginClear is a Los Angeles-based water treatment company.

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