secwatch.observer — SEC 8-K summary
======================================

Issuer:     I-ON Digital Corp. (IONI)
CIK:        0001580490
Form:       8-K
Filed at:   2026-06-12T20:53:03+00:00
Accession:  0001493152-26-028491
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

I-ON Digital adopts 2026 equity plan; grants 66,750 Series E options to officers, employees
--------------------------------------------------------------------------------

- Plan reserves 100,000 Series E Convertible Preferred shares; annual evergreen increase of 4% of outstanding capital stock for up to 10 years.
- CEO Carlos Montoya receives 20,000 Series E options: 18,000 time-vesting over 2 years + 2,000 performance-based on Nasdaq uplisting and strategic partnership.
- Other officers (Park, Hoffman, Jubilee, White) each receive 4,000–7,000 Series E options with time-vesting and individual performance milestones.
- Additional 20,750 Series E options granted to other employees, consultants, and service providers.
- Exercise price $145 per Series E share (implied common strike $0.29 based on 500:1 conversion ratio).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580490/000149315226028491/0001493152-26-028491-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580490/000149315226028491/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-028491

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