other material
confidence high
sentiment neutral
materiality 0.40
Moving iMage re-prices 250,000 director/CFO options from $1.10 to $0.65
MOVING iMAGE TECHNOLOGIES INC.
- Board cancelled 250,000 options originally priced at $1.10 and reissued at $0.65 per share.
- Re-priced options include 50,000 each for directors Crothall, Anderson, Stiska and 100,000 for CFO Greene.
- Board also re-priced 30,000 shares/options (10,000 per outside director) from $1.10 to $0.65.
- Effective date of re-pricing: March 25, 2025.