secwatch.observer — SEC 8-K summary
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Issuer:     CoJax Oil & Gas Corp (CJAX)
CIK:        0001763925
Form:       8-K
Filed at:   2022-01-04T23:59:59+00:00
Accession:  0001763925-22-000001
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CoJax grants CEO & CFO 12,500 preferred shares each for past-due 2021 comp
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- Company issued 12,500 Series A Convertible Preferred shares to CEO Jeffrey Guzy and 12,500 to CFO Wm. Barrett Wellman as compensation for 2021 services.
- Preferred shares have a one-year restriction on sale/transfer and piggyback registration rights expiring January 4, 2023.
- Issuance is an unregistered sale of securities under Rule 506(b) and Section 4(a)(2) of the Securities Act.
- Grant is in lieu of cash compensation, indicating the company used equity to satisfy past-due obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1763925/000176392522000001/0001763925-22-000001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1763925/000176392522000001/cojax_8k_01-04-2022.htm
  HTML page:      https://secwatch.observer/filing/0001763925-22-000001

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