other material
confidence high
sentiment neutral
materiality 0.60
Awaysis Capital issues 50M shares to CEO as bonus for FY2022
Awaysis Capital, Inc.
- Issued 50,000,000 shares to Chairman/CEO Michael Singh on April 1, 2024, for $500K FY2022 cash bonus.
- Shares valued at $0.01 par value each; no cash was paid by the executive.
- Issuance exempt from registration under Section 4(a)(2) of Securities Act as non-public transaction.
- Bonus was earned for fiscal year ended June 30, 2022, deferred and paid in stock instead of cash.