Avant Tech terminates $2.2M Wired4Health asset purchase; CFO replaced

AVAI BIO, INC.

APA with Wired4Health for $2.2M consideration cancelled; remaining promissory note balance void.
Payments already made retained by Wired4Health; both parties mutually released from all claims.
CFO William Hisey resigned Sept 9, 2024; COO Vitalis Racius appointed CFO, retains other roles.
No conflicts reported with Hisey's departure.

item 1.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

William Hisey

Chief Financial Officer

AVAI · AVAI BIO, INC.

Effective: 2024-09-09
Successor: Vitalis Racius
Filed: September 10, 2024, 7:59 PM ET

Effective September 9, 2024, Mr. Hisey vacated his position as Chief Financial Officer (the “CFO”) of the Company.

Appointed

Vitalis Racius

Chief Financial Officer

AVAI · AVAI BIO, INC.

Effective: 2024-09-09
Filed: September 10, 2024, 7:59 PM ET

Mr. Racius, the current Chief Operating Officer (the “COO”), Director, and Treasurer, was reappointed as the Company's Chief Financial Officer (the “CFO”) while continuing his roles as Director and Treasurer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

William Hisey resigned as Chief Financial Officer at AVAI BIO, INC..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

Effective September 9, 2024, Mr. Hisey vacated his position as Chief Financial Officer (the “CFO”) of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Vitalis Racius was appointed as Chief Financial Officer at AVAI BIO, INC..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Mr. Racius, the current Chief Operating Officer (the “COO”), Director, and Treasurer, was reappointed as the Company's Chief Financial Officer (the “CFO”) while continuing his roles as Director and Treasurer.

View on SEC.gov

AVAI BIO, INC. filing history →

Source: SEC EDGAR

accession 0001740797-24-000047

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