leadership
confidence high
sentiment neutral
materiality 0.35
NanoViricides extends President Diwan's employment to June 2023 at $400K salary, 10,204 Series A preferred shares
NANOVIRICIDES, INC.
- Employment extended through June 30, 2023; annual base salary of $400,000.
- Grant of 10,204 Series A Convertible Preferred shares, vesting quarterly over one year.
- Series A Preferred has 9 votes per share and converts into 3.5 common shares only upon change of control; non-transferable.
- Company to maintain $2M term life insurance policy on Diwan, with $1M assigned to the company.