CalEthos appoints directors Shum and Fontenot; Fontenot affiliate holds $3.85M convertible note

CalEthos, Inc.

Steven M. Shum (CEO of INVO Bioscience) and Sean Fontenot appointed to board on Oct 7, 2021, filling vacancies.
Company announces strategic pivot to bitcoin mining and high-performance computer manufacturing.
Fontenot controls Nanosha Investments, which on Sep 15, 2021 purchased a $3.85M convertible note (10% OID) and warrants.
Note convertible at $1.25/share, matures Aug 31, 2022; Series A warrant exercisable at $1.87/share through Aug 31, 2024.
Registration rights require company to file a registration statement within 90 days after completing $10M+ financing.

item 5.02 item 1.01

Executive movements

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Appointed

Steven M. Shum

Director

GEDC · CalEthos, Inc.

Effective: 2021-10-07
Filed: October 8, 2021, 7:59 PM ET

the Board of Directors of the Company appointed Steven M. Shum and Sean Fontenot to the Board of Directors of the Company to fill existing vacancies on the Board.

Appointed

Sean Fontenot

Director

GEDC · CalEthos, Inc.

Effective: 2021-10-07
Filed: October 8, 2021, 7:59 PM ET

the Board of Directors of the Company appointed Steven M. Shum and Sean Fontenot to the Board of Directors of the Company to fill existing vacancies on the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven M. Shum was appointed as Director at CalEthos, Inc..

Action: appointed
Role: Director

Exact text from the filing

the Board of Directors of the Company appointed Steven M. Shum and Sean Fontenot to the Board of Directors of the Company to fill existing vacancies on the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Sean Fontenot was appointed as Director at CalEthos, Inc..

Action: appointed
Role: Director

Exact text from the filing

the Board of Directors of the Company appointed Steven M. Shum and Sean Fontenot to the Board of Directors of the Company to fill existing vacancies on the Board.

View on SEC.gov

CalEthos, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-21-025007

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