Dilutive pref share deal as Black Titan (NASDAQ: BTTC) settles dispute
Black Titan Corporation (NASDAQ: BTTC) settled a bonus claim with its former CEO for $800,000, funded by a major shareholder, ARC Group, who received 800 non-voting Series B preferred shares convertible at a variable price. Concurrently, Black Titan amended its up to $200 million convertible note agreements to remove "Adjusted Floor Price" references, clarifying conversion terms with a $0.3248 floor. The company also issued a press release outlining its focus on digital asset technology and strategies, including equity tokenization and neobanking.
