other material
confidence high
sentiment negative
materiality 0.70
Awaysis Capital issues 31.7M shares to three executives for past-due compensation totaling $7.8M
Awaysis Capital, Inc.
- Michael Singh (Chairman/Co-CEO) received 14,071,153 shares for $3,469,665 in accrued salary and bonuses from Sep 2022 to Jun 2024.
- Andrew Trumbach (Co-CEO/CFO) received 14,071,153 shares for $3,469,665 in accrued compensation.
- Tyler Trumbach (Chief Legal Counsel/director) received 3,529,127 shares for $895,512 in accrued compensation.
- Shares issued at per-share prices ranging from $0.1202 to $1.1920; exempt from registration under Section 4(a)(2).
- Aggregate of 31,671,433 shares issued to settle approximately $7.8 million of compensation liabilities.