leadership
confidence high
sentiment neutral
materiality 0.40
NanoViricides extends CEO/CFO contracts; raises CEO line of credit to $3M through 2027
NANOVIRICIDES, INC.
- President/CEO Diwan term extended to June 30, 2026; base salary $400,000/yr; granted 10,204 Series A preferred shares vesting quarterly.
- CFO Vyas term extended to June 30, 2026; compensation $10,800/month; health insurance reimbursement up to $2,500/month.
- CEO Diwan's line of credit increased from $2M to $3M; maturity extended to March 31, 2027; 12% interest; secured by company property.