other material
confidence high
sentiment neutral
materiality 0.30
Regen Biopharma issues 20,068 Series A Preferred shares for consulting; amends sublease
Regen BioPharma Inc
- Issued 20,068 Series A Preferred shares to Value Quest Inc. for one-year social media consulting services.
- Consulting covers Facebook and Twitter management; shares are unregistered restricted securities.
- Amended sublease with BST Partners (controlled by CEO David Koos) to reimburse shared expenses in addition to $5k/month base rent.
- Subtenant also required to pay shared expenses retroactive to January 1, 2024, per amendment.
- Both transactions involve related party: David Koos is CEO and also controls BST Partners.