Dynamic Aerospace Systems Corporation 8-K Filing

This filing details several key events for Dynamic Aerospace Systems Corporation. On April 28, 2026, the company issued a $275,000 Convertible Promissory Note to LABRYS FUND II, L.P., with an 8% interest charge and a maturity date of April 27, 2027. The note, which included a $25,000 original issue discount and $4,000 in fees, resulted in net proceeds of $246,000. The note is convertible into common stock at a price of $0.50 or 80% of the 15-day VWAP, whichever is lower. In connection with the note, 20,000 shares of common stock were issued as a commitment fee, and warrants for 199,275 shares at $0.65 were granted. The company also entered into an Advisory Consulting Services Agreement, agreeing to issue 500,000 restricted common shares to Tyler Troup. On April 30, 2026, the company filed a Certificate of Designation for Series E Preferred Stock, creating 25,000,000 shares with specific voting rights and conversion terms. Additionally, the company announced a Drone Demo Expo on April 30, 2026, in collaboration with AZ DPS, to showcase its UAV platforms to law enforcement and government agencies.