secwatch.observer — SEC 8-K summary
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Issuer:     Athena Bitcoin Global (ABIT)
CIK:        0001095146
Form:       8-K
Filed at:   2025-07-10T23:59:59+00:00
Accession:  0001683168-25-005005
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shareholders approve 409.5M-share equity plan and reverse stock split
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- Shareholders with 51.7% voting power (2,118,734,867 shares) approved 2025 Plan effective July 7, 2025.
- 2025 Plan authorizes up to 409,500,955 shares for options, RSUs, restricted stock, and other equity awards.
- Reverse stock split approved; ratio not fully specified in filing (text ends with 'one-').
- Plan includes repricing, clawback, change-in-control acceleration provisions, and 10-year term for ISO grants.
- Written consent used; no shareholder meeting held. Plan adopted July 7, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1095146/000168316825005005/0001683168-25-005005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1095146/000168316825005005/athenabitcoin_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-005005

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