Vivos Creates Series D Convertible Preferred with $0.08 Conversion Price and 50x Voting Rights
RDGL is trading near its 52-week low of $0.039 (10% above the low) on elevated volume (4.2× avg).
Summary
Vivos designated 1.0 million shares of Series D Convertible Preferred Stock with a $0.08 conversion price and 50 votes per conversion share, creating potential dilution and voting-power shifts for common shareholders.
Key Events · Financing and Capital Events · RDGL
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Series D Preferred Stock Created
On September 28, 2026, Vivos filed a Certificate of Designations creating 1.0 million shares of Series D Convertible Preferred Stock with a $1.00 stated value and $0.08 conversion price.
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Conversion Dilution Potential
Each preferred share converts into 12.5 common shares (1.0M preferred × 12.5 = 12.5M common shares), representing substantial potential dilution relative to the current share count.
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50x Voting Rights
Holders receive 50 votes per conversion share, giving Series D holders outsized voting power relative to common shareholders.
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Ownership Blockers
Conversion is capped at 4.99% beneficial ownership per holder, waivable to 9.99% with 61 days' notice.
Analysis · RDGL · Industrial Applications And Services
A new class of convertible preferred stock authorized by Vivos could significantly dilute common shareholders and shift voting control. Each $1.00 preferred share converts into 12.5 common shares at $0.08 — nearly double today's $0.0431 price — and carries 50 votes per conversion share, giving holders outsized influence. The 4.99%/9.99% ownership blockers cap individual conversion, but the aggregate 1.0 million preferred shares could convert into 12.5 million common shares. Against a backdrop of a going-concern warning and material weakness disclosed in the August 10-Q, this structure appears designed to attract capital on terms favorable to new investors at the expense of existing holders.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. 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 $0.04 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $21.3M. The 52-week trading range was $0.04 to $0.12. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.