other material
confidence high
sentiment neutral
materiality 0.50
Estrella Immunopharma enters consulting agreement with chairperson's company Cofame
Estrella Immunopharma, Inc.
- Estrella Immunopharma entered a Consulting Agreement with Cofame Investment Management, owned by Chairperson Hong Zhang, for advisory services up to three days per week.
- Cofame receives $55,000 upfront and an annual fee of $220,000; Hong Zhang granted option to purchase 1,000,000 shares under the 2023 Omnibus Incentive Plan.
- Option vests 25% on August 1, 2025, with the remaining 75% vesting monthly over 36 months, contingent on continued service.
- The Audit Committee reviewed and approved the agreement as a related-party transaction.