---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-020785"
form_type: "8-K"
ticker: "EUDA"
cik: "0001847846"
company_name: "EUDA Health Holdings Ltd"
filed_at: "2023-06-09T23:59:59+00:00"
generated_at: "2026-06-14T04:16:19.356159+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# EUDA amends prepaid forwards, issues 1.6M shares; adjusts CEO settlement to $1.47/share

## Summary
- Supplemental Agreement with CEO Dr. Kelvin Chen: 578,439 shares at $1.47/share to settle $850k loan; 271,867 shares forfeited.
- Prepaid Forward Agreements accelerated as of June 8, 2023; each seller gets 800,000 shares (1.6M total) immediately due.
- Sellers cannot sell more than 15% of daily trading volume; registration rights granted.
- Alfred Lim appointed Executive Director effective June 6; resigns from Audit, Comp, and Nominating committees.
- Board committees restructured; Audit Committee now Rajpal (chair), Lew, Wong.

## SEC filing metadata
- accession: 0001493152-23-020785
- form_type: 8-K
- ticker: EUDA
- cik: 0001847846
- company_name: EUDA Health Holdings Ltd
- filed_at: 2023-06-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 3.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847846/000149315223020785/0001493152-23-020785-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847846/000149315223020785/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-020785
- JSON: https://secwatch.observer/filing/0001493152-23-020785.json
- Plain text: https://secwatch.observer/filing/0001493152-23-020785.txt

## Key facts
- Executive change
  Alfred Lim was appointed as Executive Director at EUDA Health Holdings Ltd.
  - Action: appointed
  - Role: Executive Director
  source text: On June 6, 2023, the Board of Directors of the Company (the “ Board ”) appointed an incumbent director, Alfred Lim, as the Company’s Executive Director, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847846/000149315223020785/0001493152-23-020785-index.htm
- Material Agreements
  EUDA Health Holdings Ltd entered into Supplemental Agreement with Dr. Kelvin Chen valued at 578,439 ordinary shares at $1.47 per share (effective 2023-06-06).
  - Action: entry
  - Agreement: settlement
  - Counterparty: Dr. Kelvin Chen
  - Value: 578,439 ordinary shares at $1.47 per share
  - Effective: 2023-06-06
  source text: Pursuant to the Supplemental Agreement, Dr. Chen has agreed to release and discharge KRHSG of all claims in return for 578,439 ordinary shares at $1.47 per share, the closing bid price of EUDA ordinary shares on May 15, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847846/000149315223020785/0001493152-23-020785-index.htm
- Material Agreements
  EUDA Health Holdings Ltd amended Amendments to Prepaid Forward Agreements with the Sellers valued at Amended Maturity Consideration to 800,000 ordinary shares per Seller; acceleration of maturity; regi (effective 2023-06-08).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: the Sellers
  - Value: Amended Maturity Consideration to 800,000 ordinary shares per Seller; acceleration of maturity; regi
  - Effective: 2023-06-08
  source text: On June 8, 2023, EUDA and the Sellers entered into amendments to the Prepaid Forward Agreements (together, the “Amendments”), to amend the definition of “Maturity Consideration,” such that, Maturity Consideration shall consist of 800,000 ordinary shares of EUDA to be issued to the each Seller by EUDA.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847846/000149315223020785/0001493152-23-020785-index.htm
- Material Agreements
  EUDA Health Holdings Ltd terminated Prepaid Forward Agreements with the Sellers valued at Prepaid Forward Transactions accelerated; 1,600,000 ordinary shares due and payable; no further fees (effective 2023-06-08).
  - Action: termination
  - Agreement: equity purchase
  - Counterparty: the Sellers
  - Value: Prepaid Forward Transactions accelerated; 1,600,000 ordinary shares due and payable; no further fees
  - Effective: 2023-06-08
  source text: Pursuant to the Amendments, the parties agreed that the Prepaid Forward Transactions shall be accelerated as of the date of the Amendments, and accordingly, the 800,000 ordinary shares (or 1,600,000 ordinary shares in the aggregate), became immediately due and payable to the Sellers upon execution of the Amendments.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847846/000149315223020785/0001493152-23-020785-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.