Summary by Futu AI
Mangoceuticals, Inc., a Texas-based pharmaceutical company, has filed a post-effective amendment with the Securities and Exchange Commission (SEC) on July 26, 2024, to deregister 13,220,829 unsold shares of common stock. These shares were initially registered for sale and issuable upon the conversion of 500 shares of Series B Convertible Preferred Stock as part of a previous registration statement (No. 333-278888) declared effective on May 9, 2024. The deregistration follows the full conversion of all 500 shares of Series B Preferred Stock into 2,493,997 shares of common stock, received by the selling stockholder as of July 25, 2024. No additional securities are being deregistered at this time. The company's CEO, Jacob D. Cohen, has signed off on the amendment.