Director Carl Cadwell Injects $250K Cash and Converts Series C to Series D Preferred
RDGL sits 17% above its 52-week low of $0.039 on light trading volume (0.2× avg).
Summary
Director Carl Cadwell purchased $250,000 of Series D Preferred and exchanged all 385,302 Series C shares for Series D, eliminating the Series C class. 635,302 Series D shares are now outstanding with a $0.08 conversion price.
Key Events · Financing and Capital Events · RDGL
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Director Buys $250K Series D Preferred
Carl Cadwell, a board member, purchased 250,000 shares of Series D Convertible Preferred for $250,000 cash, paid by wire transfer on October 1, 2026.
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Series C Eliminated via Exchange
Cadwell exchanged all 385,302 shares of Series C Preferred for an equal number of Series D shares. The Series C class is now fully eliminated, leaving 635,302 Series D shares outstanding.
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Conversion Price Far Above Market
Series D Preferred converts at $0.08 per share, versus the current common stock price of approximately $0.046. The stated value is $1.00 per share.
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Voting Power Concentration
Series D Preferred carries 50 votes per share, giving Cadwell significant voting influence over the company's governance.
Analysis · RDGL · Industrial Applications And Services
Board member Carl Cadwell put $250,000 in cash into Vivos and converted his entire Series C position into Series D Preferred, eliminating the Series C class entirely. The Series D carries a $0.08 conversion price — far above the current $0.046 share price — meaning Cadwell is accepting significant downside risk on paper in exchange for preferred liquidation rights and 50 votes per share. This is a related-party transaction that strengthens the balance sheet but also concentrates voting power in a single director's hands.
How filings like this one have moved
In the 30 days to Oct 8, 2026, 28.6% of the 1679 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RDGL was trading at $0.05 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $22.7M. The 52-week trading range was $0.04 to $0.12. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.