secwatch.observer — SEC 8-K summary
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Issuer:     Vado Corp. (—)
CIK:        0001700849
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001185185-23-000153
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vado Corp. to acquire AudienceX via share exchange; AX shareholders to own 96% of combined company
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- Vado to issue 169,434,641 shares (96% of post-exchange) to AX shareholders for all AX shares.
- David Lelong resigns as officer; Jason Wulfsohn appointed CEO, Ryan Carhart CFO; board set at three.
- Concurrent $1.5M financing via Series A convertible preferred stock; first $750k tranche at closing.
- Closing expected on or before Feb 24, 2023, subject to conditions including cancellation of 93M Lelong shares.
- AX (AudienceX) is a digital marketing and services company with omnichannel trading desk platform.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1700849/000118518523000153/0001185185-23-000153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1700849/000118518523000153/vado20230202_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-000153

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