secwatch.observer — SEC 8-K summary
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Issuer:     APPYEA, INC (APYP)
CIK:        0001568969
Form:       8-K
Filed at:   2025-10-03T23:59:59+00:00
Accession:  0001493152-25-016855
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

AppYea enters consulting agreements with CEO and Chairman; issues 1.28B shares at $0.0001
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- Monthly fee of $30,000 each to Yakir Abadi (CEO) and Eldar Grady (Executive Chairman), retroactive to Aug 12, 2025, for 3-year term.
- Severance equal to 36 months' base fee if terminated without cause or after change of control.
- Each consultant purchased 638,961,306 shares at $0.0001/share, totaling ~1.28 billion shares, contingent on authorized share increase.
- Anti-dilution protection up to $7M of value received; additional shares issued quarterly to maintain ownership percentage.
- Appointments of Abadi as CEO and Grady as Executive Chairman previously disclosed but now formalized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568969/000149315225016855/0001493152-25-016855-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568969/000149315225016855/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-016855

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer