secwatch.observer — SEC 8-K summary
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Issuer:     ProtoKinetix, Inc. (PKTX)
CIK:        0001128189
Form:       8-K
Filed at:   2022-03-21T23:59:59+00:00
Accession:  0001079973-22-000312
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ProtoKinetix issues 1M units for $50k, grants 10M stock options to insiders and consultants
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- Private placement: 1M units (share + warrant at $0.05) to CEO Clarence Smith for $50,000.
- Board increased 2017 Plan reserve from 89.7M to 97.7M shares for future equity awards.
- Options for 10M shares granted to CEO, CFO, director, and three consultants at $0.06, vesting quarterly.
- Options expire March 14, 2030; total options outstanding now 94,690,000 under the plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1128189/000107997322000312/0001079973-22-000312-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1128189/000107997322000312/pktx_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-22-000312

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