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Mangoceuticals to issue tokenized preferred stock on T7X blockchain, first Nasdaq firm to do so.

Company Fundamentals
12 Nov 2026, 14:00 WIB
GlobeNewsWire
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Bullish
Mangoceuticals to issue tokenized preferred stock on T7X blockchain, first Nasdaq firm to do so.

Mangoceuticals announced a partnership with T7X to issue up to 1 million shares of Series D Preferred Stock as tokenized securities on T7X's blockchain, marking the first Nasdaq-listed company to use this platform. The preferred shares, priced at $10 each with an 8% annual dividend, will be issued on-chain with built-in compliance controls and no common stock issued at closing. This move aims to raise up to $10 million while limiting dilution to common shareholders, with conversion to common stock possible after three years at a premium price. The offering is subject to SEC qualification and represents a novel approach to capital raising using blockchain technology.

Mangoceuticals' partnership with T7X to offer tokenized preferred stock provides context for health sector trading. For readers following health stocks, here is Pluang's market snapshot as of Nov 12, 2026 18:11 WIB: Among 150 priced US health-sector stocks, 84 rose and 57 fell. BNGO traded at USD 1.15 with a 4.55% gain and a typical hold time of 52 days, contrasting with MMED at USD 17.50, down 4.11% with a shorter hold time of 19 days. AVAH rose 3.97% to USD 13.61, held typically for 25 days.

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