secwatch.observer — SEC 8-K summary
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Issuer:     YOUNEEQAI TECHNICAL SERVICES, INC. (YQAI)
CIK:        0001976923
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001065949-24-000026
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

YouneeqAI: debt conversion, equity sale, adoption of 2024 equity plan with CEO/director options
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- Converted $67,741 accrued interest from Thomas Yang into 1,354,827 restricted shares.
- 2024 equity plan reserves 10M shares; CEO Galbraith and director Romano each get 2M options at $0.20.
- RC365 Holdings deadline extended to Oct 1, 2024 to issue remaining 3,000,000 shares under exclusive rights agreement.
- Unregistered sale: sold 666,667 shares at $0.15 for $100,000; FNB Enterprises paid $67,760 for up to 3,000,000 shares.
- Options for CEO and director expire in 5 years; other grantees expire in 3 years; exercise price $0.20 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1976923/000106594924000026/0001065949-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1976923/000106594924000026/youneeq8kmarch152024.htm
  HTML page:      https://secwatch.observer/filing/0001065949-24-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer