secwatch.observer — SEC 8-K summary
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Issuer:     ARVANA INC (AVNI)
CIK:        0001113313
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001607062-24-000189
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arvana issues 12.5M restricted shares to related party Bondock for real estate consulting
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1113313/000160706224000189/0001607062-24-000189-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1113313/000160706224000189/avni051424form8k.htm
  HTML page:      https://secwatch.observer/filing/0001607062-24-000189

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