Avant Technologies appoints Danny Rittman as CISO with $300K salary payable in shares

AVAI BIO, INC.

Danny Rittman appointed Chief Information Security Officer (CISO) effective July 24, 2023.
Base salary $300K/year payable in shares quarterly based on 20-day VWAP; rises to $600K upon up-listing to a national exchange.
One-time $50K cash payment due within 30 days after company raises sufficient equity or working capital.
Rittman concurrently serves as CTO of GBT Technologies (GTCH); company acknowledges no conflict with existing agreements.

item 1.01 item 3.02 item 5.02 item 9.01

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Appointed

Danny Rittman

Chief Information Security Officer

AVAI · AVAI BIO, INC.

Effective: 2023-07-27
Filed: July 26, 2023, 7:59 PM ET

On July 27, 2023, Avant Technologies, Inc (f/k/a Trend Innovations Holding Inc.) (the “Company”) and Danny Rittman entered into an Employment Agreement pursuant to which Mr. Rittman was retained as Chief Information Security Officer (“CISO”).

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Executive change SEC 8-K Item 5.02 confidence 0.95

Danny Rittman was appointed as Chief Information Security Officer at AVAI BIO, INC..

Action: retained
Role: Chief Information Security Officer

Exact text from the filing

On July 27, 2023, Avant Technologies, Inc (f/k/a Trend Innovations Holding Inc.) (the “Company”) and Danny Rittman entered into an Employment Agreement pursuant to which Mr. Rittman was retained as Chief Information Security Officer (“CISO”).

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Source: SEC EDGAR

accession 0001740797-23-000057

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