secwatch.observer — SEC 8-K summary
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Issuer:     Veritas Farms, Inc. (—)
CIK:        0001669400
Form:       8-K
Filed at:   2023-04-07T23:59:59+00:00
Accession:  0001213900-23-028085
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veritas Farms adopts 2023 equity plan; authorized common to 800M, preferred to 20M
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- Board adopted 2023 Equity Incentive Plan, authorizing up to 40M shares plus annual 10% evergreen increase.
- Stockholder majority approved increase of authorized common from 200M to 800M shares and preferred from 5M to 20M shares.
- Majority stockholder holding ~10.9% of common, ~90.9% of Series A preferred, and 100% of Series B preferred provided written consent.
- Plan replaces 2017 Stock Incentive Plan; no further grants under 2017 Plan after effective date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1669400/000121390023028085/0001213900-23-028085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1669400/000121390023028085/ea176489-8k_veritasfarms.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-028085

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