---
schema_version: "secwatch.filing_event.v1"
accession: "0001740797-23-000057"
form_type: "8-K"
ticker: "AVAI"
cik: "0001740797"
company_name: "AVAI BIO, INC."
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:24:30.998646+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001740797-23-000057
- form_type: 8-K
- ticker: AVAI
- cik: 0001740797
- company_name: AVAI BIO, INC.
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1740797/000174079723000057/0001740797-23-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1740797/000174079723000057/avai_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001740797-23-000057
- JSON: https://secwatch.observer/filing/0001740797-23-000057.json
- Plain text: https://secwatch.observer/filing/0001740797-23-000057.txt

## Key facts
- Executive change
  Danny Rittman was appointed as Chief Information Security Officer at AVAI BIO, INC..
  - Action: retained
  - Role: Chief Information Security Officer
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1740797/000174079723000057/0001740797-23-000057-index.htm

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