secwatch.observer — SEC 8-K summary
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Issuer:     Vado Corp. (—)
CIK:        0001700849
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001185185-23-000164
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 3.02, 5.02, 5.03
LLM model:  deepseek-v4-flash:cloud@v2

Vado Corp. completes reverse merger with AudienceX, issues 96% of stock
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- Issued 169,434,640 shares (96% of outstanding) to acquire all shares of Socialcom, Inc. (AudienceX).
- David Lelong resigned as sole officer; Jason Wulfsohn appointed CEO, Ryan Carhart CFO; Wulfsohn and Benaron join board.
- Secondary financing of $1.5M via Series A Convertible Preferred; first tranche $750K closed, second due May 25, 2023.
- Fiscal year end changed from Nov 30 to Dec 31 to align with AudienceX.
- 93M shares held by David Lelong cancelled; 22,793,540 options issued under 2023 Equity Incentive Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1700849/000118518523000164/0001185185-23-000164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1700849/000118518523000164/vado20230227_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-000164

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