secwatch.observer — SEC 8-K summary
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Issuer:     Polomar Health Services, Inc. (PMHS)
CIK:        0001265521
Form:       8-K
Filed at:   2026-05-15T21:14:45+00:00
Accession:  0001493152-26-023937
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Polomar Health waives five merger conditions with Altanine; CEO Tierney to step down upon closing
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- Polomar and Altanine waive conditions including S-4 effectiveness, Nasdaq listing, $25M equity line, reverse split to $10, and concurrent financing.
- CEO Terrence Tierney will resign as CEO upon merger close and become EVP/COO; base salary reduced to $19K/month retroactively.
- Tierney receives 500K additional nonqualified stock options; severance modified to 4 months salary plus pro-rata bonus.
- Polomar consents to Altanine granting a security interest in Pinata Holdings' assets (all patents) to CWR 1 LLC.
- Salary may increase to $24K/month upon $5M equity raise or up-listing to NASDAQ/NYSE; accrued $72,961.51 to be repaid in installments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1265521/000149315226023937/0001493152-26-023937-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1265521/000149315226023937/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-023937

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