Business: Applied UV, Inc. 10.5% Series A Cumulative Perpetual Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 07/16/2022 but before 07/16/2023 at $30 (120%) per share plus accrued and unpaid dividends; on or after 07/16/2023 but before 07/16/2024 at $28 (112%) per share plus accrued and unpaid dividends; on or after 07/16/2024 but before 07/16/2025 at $27 (108%) per share plus accrued and unpaid dividends; on or after 07/16/2025 but before 07/16/2026 at $26.25 (105%) per share plus accrued and unpaid dividends and on or after 07/16/2026 at $25.00 (100%) per share plus accrued and unpaid dividends, and with no stated maturity. <p> Cumulative distributions of 10.50% per annum ($2.625 per annum or $0.21875 per month) will be paid monthly on 15th day of each month to holders of record on the record date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). <p> Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page 53 of the prospectus for further information). <p> Upon the occurrence of a change of control resulting in the common shares of the surviving entity no longer being listed on the NYSE, the AMEX or the Nasdaq exchanges the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will NOT have the following conversion right. Upon the occurrence of a Delisting Event the preferred shares may be converted into a number of shares of our common stock (or equivalent value of alternative consideration) per share of Series A Preferred Stock, equal to the lesser dividing the sum of the $25.00 per share liquidation preference plus the amount of any accumulated and unpaid dividends to, but not including, the Delisting Event Conversion Date by the Common Stock Price or, the share cap of 5.353319 (see prospectus for more details) <p> This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of distributions and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.