---
schema_version: "secwatch.filing_event.v1"
accession: "0001740797-23-000037"
form_type: "8-K"
ticker: "AVAI"
cik: "0001740797"
company_name: "AVAI BIO, INC."
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T02:39:27.201568+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Trend Innovations engages Percy Kwong as Technology Advisor with quarterly stock compensation up to $250K

## Summary
- Advisor receives $150K/quarter in common stock (85% of 10-day VWAP, floor $0.10/share) for tech advisory services.
- If stock lists on Nasdaq, quarterly fee rises to $250K retroactive to April 15, 2023; term ends May 5, 2024 with possible renewal.
- Shares are unregistered; advisor is an accredited investor and bears own taxes; indemnification and insurance required from company.
- Advisor retains ownership of independent inventions and may continue work for other companies; agreement terminates for convenience.

## SEC filing metadata
- accession: 0001740797-23-000037
- form_type: 8-K
- ticker: AVAI
- cik: 0001740797
- company_name: AVAI BIO, INC.
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1740797/000174079723000037/0001740797-23-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1740797/000174079723000037/tren8k_tech.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001740797-23-000037
- JSON: https://secwatch.observer/filing/0001740797-23-000037.json
- Plain text: https://secwatch.observer/filing/0001740797-23-000037.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.