secwatch.observer — SEC 8-K summary
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Issuer:     EUDA Health Holdings Ltd (EUDA)
CIK:        0001847846
Form:       8-K
Filed at:   2023-06-09T23:59:59+00:00
Accession:  0001493152-23-020785
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 1.02, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847846/000149315223020785/0001493152-23-020785-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847846/000149315223020785/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-020785

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