Arvana Inc. undergoes change of control; Altaf Nazerali acquires 77.3% voting shares

ARVANA INC

Altaf Nazerali now controls 26,403,214 common shares, 77.32% of voting securities, effective Oct 29, 2021.
Alkiviades David relinquished voting proxies and control to Nazerali via a rescission agreement dated Oct 22, 2021.
Directors Mathew Bentley Hoover and Carl Dawson resigned on Oct 22 and Nov 2, 2021, respectively.
The rescission agreement terminates a prior non-binding term sheet for an asset purchase that was not consummated.
Nazerali used no personal funds for the consideration in the change of control.

item 5.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Carl Dawson

Director

AVNI · ARVANA INC

Effective: 2021-11-02
Filed: November 10, 2021, 6:59 PM ET

On November 2, 2021, the Company accepted the resignation of Carl Dawson as a serving member of its board of directors with immediate effect.

Departed

Mathew Bentley Hoover

Director

AVNI · ARVANA INC

Effective: 2021-10-22
Filed: November 10, 2021, 6:59 PM ET

On October 22, 2021, the Company accepted the resignation of Mathew Bentley Hoover as a serving member of the its board of directors with immediate effect.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Carl Dawson resigned as Director at ARVANA INC.

Action: resigned
Role: Director

Exact text from the filing

On November 2, 2021, the Company accepted the resignation of Carl Dawson as a serving member of its board of directors with immediate effect.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mathew Bentley Hoover resigned as Director at ARVANA INC.

Action: resigned
Role: Director

Exact text from the filing

On October 22, 2021, the Company accepted the resignation of Mathew Bentley Hoover as a serving member of the its board of directors with immediate effect.

View on SEC.gov

ARVANA INC filing history →

Source: SEC EDGAR

accession 0001607062-21-000505

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