other material
confidence high
sentiment neutral
materiality 0.35
KwikClick raises $500K via unregistered sale of common stock and SARs
KwikClick, Inc.
- Sold 2,500,000 common shares at $0.20/share and 2,500,000 SARs to one non-affiliate for $500,000 total cash.
- SARs vest in six months, expire in seven years, and can be exercised only for shares based on appreciation over $0.20 base price.
- SARs are non-transferable, with accelerated vesting upon death/disability and 90-day post-termination exercise period.