secwatch.observer — SEC 8-K summary
======================================

Issuer:     AVAI BIO, INC. (AVAI)
CIK:        0001740797
Form:       8-K
Filed at:   2024-09-10T23:59:59+00:00
Accession:  0001740797-24-000047
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1740797/000174079724000047/0001740797-24-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1740797/000174079724000047/avai_8k.htm
  HTML page:      https://secwatch.observer/filing/0001740797-24-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer