CoastalSouth amends bylaws to require Georgia Business Court for disputes, 1% threshold for derivative suits

Filed July 24, 2026 · Period ending July 23, 2026 · ~1 min read

Key Changes

• medium

  Bylaws now require at least 1% ownership at the time of alleged wrongdoing to bring derivative lawsuits, potentially barring smaller shareholders from pursuing claims on behalf of the company.

  Item 5.03 verify on EDGAR →
• medium

  Internal corporate disputes must be litigated exclusively in Georgia's Business Court unless the company consents otherwise, channeling shareholder governance litigation to a specialized forum.

  Item 5.03 verify on EDGAR →
• low

  Federal securities law claims remain exempt from the exclusive forum provision, preserving shareholders' ability to sue in federal court for securities fraud.

  Item 5.03 verify on EDGAR →