secwatch.observer — SEC 8-K summary
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Issuer:     Fabric.AI, Inc. (FABC)
CIK:        0001086745
Form:       8-K
Filed at:   2024-12-02T23:59:59+00:00
Accession:  0001493152-24-048332
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.03, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AYRO grants director equity awards and amends Series H-7 preferred stock terms
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- Board granted 562,992 fully vested restricted shares and 375,328 cash-settled RSUs; price per share $0.76.
- Total director award value is $713,125; awards fully vested on Dec 2, 2024.
- Company entered waiver and amendment with required holders to exclude director grants from anti-dilution and other provisions.
- Certificate of Amendment filed with Delaware Secretary of State to modify Series H-7 Convertible Preferred Stock terms.
- Director awards cover previously approved but unissued grants from Q4 2023 and full year 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1086745/000149315224048332/0001493152-24-048332-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1086745/000149315224048332/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-048332

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