other material
confidence high
sentiment neutral
materiality 0.75
Data443 enters de-SPAC advisory deal with Margaret Z. Holdings; $1M note, 1.2M shares, super-voting preferred for CEO
Data443 Risk Mitigation, Inc.
- Margaret Z. Holdings to serve as financial advisor for Data443's de-SPAC with Four Leaf Acquisition (FORL) for 18 months.
- Compensation includes $1M promissory note (due 90 days post-close, 15% default interest) and 1.2M PubCo shares.
- CEO Jason Remillard to receive 3M Class B Preferred Shares with 15:1 super-voting, expiring after 36 months.
- Retention cash bonus of 25% of trust amount retained, paid in three installments subject to revenue and cash conditions.
- Nominee arrangement: 1.5M FORL shares held for Remillard; 30M Data443 shares allocated to Margaret from Remillard's holdings.