other material
confidence high
sentiment neutral
materiality 0.60
Sparta Commercial Services grants 2.69M stock options to CEO, VP, directors, employees
SPARTA COMMERCIAL SERVICES, INC.
- Grants five-year options for 2M shares to CEO Anthony Havens and VP Sandra Ahman at $0.14, vesting over 3 years.
- Grants 200,000 options each to two independent directors at same terms for past board service.
- Issues 290,000 non-qualified stock options to employees and consultants at $0.14, same vesting and term.
- Exercise price $0.14 is 110% of 30-day average closing price (min 100 shares traded per day).