8-K
filed December 19, 2023, 6:59 PM ET
ticker STME
CIK 0001493712
other material
confidence high
sentiment neutral
materiality 0.75
Cell MedX settles $1.62M debt with 231.8M shares at $0.007; new CEO David Jeffs appointed
Stimcell Energetics Inc.
- Dwayne Yaretz resigns as CEO, Brad Hargreaves resigns as VP of Tech & Ops; both remain directors.
- David Jeffs appointed new CEO; Jeffs and Amir Vahabzadeh appointed to the board.
- Debt of $1,622,693 settled with 231,813,310 shares at $0.007/share.
- Post-settlement, Jeffs and family hold ~40%; Vahabzadeh and spouse hold ~29% of shares.
- Completion of debt settlement will result in a change in control of Cell MedX.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Jeffs was appointed as Director at Stimcell Energetics Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Company's board of directors was increased to seven (7) directors by the appointment of Mr. Jeffs and Mr. Amir Vahabzadeh as directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Brad Hargreaves resigned as Vice President of Technology and Operations at Stimcell Energetics Inc..
- Action
- resigned
- Role
- Vice President of Technology and Operations
Exact text from the filing
Mr. Brad Hargreaves resigned as Vice President of Technology and Operations of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Amir Vahabzadeh was appointed as Director at Stimcell Energetics Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Company's board of directors was increased to seven (7) directors by the appointment of Mr. Jeffs and Mr. Amir Vahabzadeh as directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dwayne Yaretz resigned as Chief Executive Officer at Stimcell Energetics Inc..
- Action
- resigned
- Role
- Chief Executive Officer
Exact text from the filing
On December 12, 2023, Mr. Dwayne Yaretz resigned as Chief Executive Officer of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Jeffs was appointed as Chief Executive Officer at Stimcell Energetics Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
On December 12, 2023, Mr. David Jeffs was appointed as Chief Executive Officer of the Company
View on SEC.gov
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