Trend Innovations hires Paul Averill as COO with $600K stock salary, up to $1.2M on uplist

AVAI BIO, INC.

Paul Averill appointed COO effective April 27, 2023; base salary $600K/yr in shares, increasing to $1.2M upon Nasdaq uplisting.
Shares paid quarterly at $150K/quarter based on 20-day VWAP; one-time $150K cash payment after equity raise.
Employment term expires May 1, 2024; either party can terminate with 30 days' notice.
Shares issued under Section 4(a)(2) exemption as unregistered securities to accredited investor.

item 1.01 item 3.02 item 5.02 item 9.01

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Appointed

Paul Averill

Chief Operating Officer

AVAI · AVAI BIO, INC.

Effective: 2023-04-27
Filed: May 1, 2023, 7:59 PM ET

On April 27, 2023, Trend Innovations Holding Inc. (the “Company”) and Paul Averill entered into an Employment Agreement pursuant to which Mr. Averill was retained as Chief Operating Officer (“COO”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Averill was appointed as Chief Operating Officer at AVAI BIO, INC..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On April 27, 2023, Trend Innovations Holding Inc. (the “Company”) and Paul Averill entered into an Employment Agreement pursuant to which Mr. Averill was retained as Chief Operating Officer (“COO”).

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AVAI BIO, INC. filing history →

Source: SEC EDGAR

accession 0001740797-23-000035

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