secwatch.observer — SEC 8-K summary
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Issuer:     MachTen, Inc. (—)
CIK:        0001957783
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001193805-23-001180
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.03, 8.01, 2.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MachTen spin-off from LICT set for Aug 31, 2023; contribution agreement executed
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- LICT to distribute 81% of MachTen shares to its stockholders on Aug 31, 2023; record date July 31, ex-div Sept 1.
- LICT contributes LMT Holding (Michigan broadband ops) to MachTen for 3,172,407 shares and $15M cash dividend from CoBank revolver.
- MachTen authorized 12.5M shares (11.5M common, 1M preferred) via amended charter effective Aug 8.
- Board adopts 2023 Incentive Plan reserving 1M shares; grants CEO Daniel Miller 100,000 RSAs vesting 20% annually.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1957783/000119380523001180/0001193805-23-001180-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1957783/000119380523001180/e618875_8k-machten.htm
  HTML page:      https://secwatch.observer/filing/0001193805-23-001180

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