---
schema_version: "secwatch.filing_event.v1"
accession: "0001740797-23-000060"
form_type: "8-K/A"
ticker: "AVAI"
cik: "0001740797"
company_name: "AVAI BIO, INC."
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:24:17.285609+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Avant Technologies names Danny Rittman CISO; $300K annual salary paid in shares, contingent cash bonus

## Summary
- Appointment effective July 24, 2023; base salary $300,000/year in common shares, rising to $600,000 on up-listing to national exchange.
- Quarterly stock issuances equal $75,000 divided by 20-day VWAP; one-time $50,000 cash bonus due within 30 days of equity financing.
- Term expires August 1, 2024; either party may terminate without cause on 30 days' notice.
- Rittman concurrently serves as CTO of GBT Technologies (OTC: GTCH); company states no conflict with his new role.

## SEC filing metadata
- accession: 0001740797-23-000060
- form_type: 8-K/A
- 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: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1740797/000174079723000060/0001740797-23-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1740797/000174079723000060/avai_8kam.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001740797-23-000060
- JSON: https://secwatch.observer/filing/0001740797-23-000060.json
- Plain text: https://secwatch.observer/filing/0001740797-23-000060.txt

## Key facts
- Executive change
  Danny Rittman was appointed as Chief Information Security Officer at AVAI BIO, INC..
  - Action: appointed
  - Role: Chief Information Security Officer
  source text: On July 24, 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/1740797/000174079723000060/0001740797-23-000060-index.htm

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