other_material
confidence high
sentiment negative
materiality 0.70
IR-Med reports investor Williamsburg defaulted on $500K put share payment
IR-Med, Inc.
- On May 30, 2025, IR-Med delivered a put notice for 4,629,630 shares at $0.108/share for $500,000 under March 2025 equity agreement.
- Williamsburg Venture Holdings failed to remit the required $500,000 payment for the put shares.
- Company attempted multiple contacts with Williamsburg managing member Ronald Glenn with no response.
- IR-Med intends to pursue legal means to enforce the agreement.
item 8.01