secwatch.observer — SEC 8-K summary
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Issuer:     APPYEA, INC (APYP)
CIK:        0001568969
Form:       8-K
Filed at:   2025-08-14T23:59:59+00:00
Accession:  0001641172-25-023758
Event type: leadership
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 3.02, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

AppYea appoints new CEO, board, extends $1.8M convertible notes maturity to Feb 2026
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- Boris Molchadsky resigns as CEO, remains board member; Yakir Abady appointed CEO and director, Eldar Grady executive chairman.
- Convertible notes of ~$1.8M maturity extended to Feb 15, 2026, interest frozen, repayment premium ≤10% contingent on raising capital.
- New directors granted options for ~639M shares each with vesting conditions (volume, price, capital raise); salary $30k/month each.
- Former CEO Molchadsky to convert 222,664 Series A Preferred shares into ~334M common shares (subject to authorized increase).
- Asaf Porat's CFO position terminated; Ron Mekler (former director) appointed CFO effective Aug 12, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1568969/000164117225023758/0001641172-25-023758-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1568969/000164117225023758/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-023758

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer