On March 31, 2026, Sow Good Inc. announced the issuance of 1,500,000 shares of Series AAA Convertible Redeemable Preferred Stock, par value $0.001 per share, as part of a Securities Purchase Agreement with David Lazar. The total proceeds from this offering amount to $3 million, which the company intends to use for general corporate purposes and working capital. This move comes after Mr. Lazar assigned his rights to purchase the preferred stock to a Panamanian holding company, PanamaCo, which subsequently transferred some rights to other investors. The Series AAA Preferred Stock is convertible into common stock at a ratio of 250 shares of common stock for each share of preferred stock, subject to certain limitations. The company also filed a Certificate of Designations with the Secretary of State of Delaware outlining the rights and preferences of the Series AAA Preferred Stock. Additionally, the company experienced significant leadership changes, with David Lazar resigning as CEO but remaining on the Board, while Yisroel Goldberg was appointed as the new CEO and CFO. The Board also accepted the resignations of several directors, effective upon the closing of the preferred stock issuance. This strategic financing and leadership transition may positively impact the company's operational execution and strategy outlook moving forward.

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