other material
confidence high
sentiment neutral
materiality 0.60
Arvana issues 12.5M restricted shares to related party Bondock for real estate consulting
ARVANA INC
- Issued 12,500,000 restricted shares to Bondock (controlling shareholder) under a 5-year consulting agreement.
- Services include developing a business model to convert vacant malls and commercial spaces into entertainment venues.
- Shares vest in equal increments of 2,500,000 per year, with a clawback provision for cause.
- Agreement may be terminated for cause; unvested shares forfeited and earned shares within 12 months clawed back.