home · filing · 0001120970-21-000087
8-K
filed September 9, 2021, 7:59 PM ET
ticker LODE
CIK 0001120970
M&A
confidence high
sentiment positive
materiality 0.85
Comstock acquires PSI for 8.5M shares, targets $346M annual revenue by 2026
Comstock Inc.
Acquired 100% of Plain Sight Innovations for 8.5M restricted shares; 28% lock-up release at 180 days, 72% over 8 installments.
Acquired Flux Photon IP and equipment for up to $18M cash, paid via 20% of future consolidated net cash flow.
Appointed Kevin Kreisler as President/CFO, David Winsness as CTO, William McCarthy as COO, Rahul Bobbili as Engineering Officer.
New officers each receive $250K annual salary plus participation in profit sharing and equity plans.
PSI facility projections: $34.6M rev in 2023, $86.6M in 2024, $173.1M in 2025, $346.3M in 2026 on 330k tons/yr throughput.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Effective 2021-09-07
Filed September 9, 2021, 7:59 PM ET
Effective September 7, 2021, the Company’s board of directors appointed Kevin Kreisler as Comstock’s President and Chief Financial Officer.
Effective 2021-09-03
Filed September 9, 2021, 7:59 PM ET
On September 3, 2021, the Company’s board of directors appointed Rahul Bobbili as Comstock’s Chief Engineering Officer.
Appointed
William McCarthy
Chief Operating Officer
Effective 2021-09-03
Filed September 9, 2021, 7:59 PM ET
On September 3, 2021, the Company’s board of directors appointed William McCarthy as Comstock’s Chief Operating Officer.
Appointed
David Winsness
Chief Technology Officer
Effective 2021-09-07
Filed September 9, 2021, 7:59 PM ET
Effective September 7, 2021, the Company’s board of directors appointed David Winsness as Comstock’s Chief Technology Officer.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kevin Kreisler was appointed as President and Chief Financial Officer at Comstock Inc..
Action appointed
Role President and Chief Financial Officer
Exact text from the filing
Effective September 7, 2021, the Company’s board of directors appointed Kevin Kreisler as Comstock’s President and Chief Financial Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Rahul Bobbili was appointed as Chief Engineering Officer at Comstock Inc..
Action appointed
Role Chief Engineering Officer
Exact text from the filing
On September 3, 2021, the Company’s board of directors appointed Rahul Bobbili as Comstock’s Chief Engineering Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William McCarthy was appointed as Chief Operating Officer at Comstock Inc..
Action appointed
Role Chief Operating Officer
Exact text from the filing
On September 3, 2021, the Company’s board of directors appointed William McCarthy as Comstock’s Chief Operating Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Winsness was appointed as Chief Technology Officer at Comstock Inc..
Action appointed
Role Chief Technology Officer
Exact text from the filing
Effective September 7, 2021, the Company’s board of directors appointed David Winsness as Comstock’s Chief Technology Officer.
View on SEC.gov
Source: SEC EDGAR
accession 0001120970-21-000087
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