other material
confidence high
sentiment neutral
materiality 0.40
Nexscient issues 816K restricted shares to settle $204K in accrued wages for two executives
Nexscient, Inc.
- Issued 816,000 restricted shares at $0.25/share to settle $204,000 in accrued unpaid wages.
- CEO Fred E. Tannous received 456,000 shares for $114,000 owed; COO Tarek Shoufani received 360,000 shares for $90,000.
- Issuance exempt under Section 4(a)(2); preserves cash for operations and planned uplisting.