secwatch.observer — SEC 8-K summary
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Issuer:     Leafly Holdings, Inc. /DE (—)
CIK:        0001785592
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000950170-24-054750
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leafly appoints Peter Lee as President and COO; converts $275K of notes at adjusted price
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- Peter Lee appointed President and COO effective May 1, 2024; remains on Board.
- Base salary of $450,000, signing bonus $187,500, annual incentive up to 60% of base.
- Note holders agreed to conversion price adjustment to $2.8405; $275K converted into 96,813 shares.
- Lee previously President/CFO of Merida Merger Corp. prior to Leafly's go-public.
- Severance agreement provides 12 months salary and COBRA for qualified termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1785592/000095017024054750/0000950170-24-054750-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1785592/000095017024054750/lfly-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-054750

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