8-K
filed August 2, 2024, 7:59 PM ET
CIK 0001293818
M&A
confidence high
sentiment neutral
materiality 0.85
CapForce Inc.: M&A transaction — OpGen change of control: AEI Capital acquires ~49% voting power; CEO Lazar resigns, John Tan appointed
CapForce Inc.
- David Lazar sold 550,000 Series E shares and rights to 2,450,000 more to AEI Capital for $2.55M.
- AEI Capital holds ~49% voting power on as-converted basis; could reach ~80% upon exercise of remaining rights.
- Lazar resigned as CEO, Chairman, Director effective Aug 2, 2024; also directors Ben-Tzvi, McMurdo, Natan resigned.
- John Tan, AEI Capital designee, appointed CEO, Chairman, Director effective Aug 2.
- Company issued 440,028 common shares to Lazar to settle $1.33M owed under CEO agreements.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Natan resigned as Director at CapForce Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Avraham Ben-Tzvi, Matthew C. McMurdo and David Natan delivered notice of their resignation as a member of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matthew C. McMurdo resigned as Director at CapForce Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Avraham Ben-Tzvi, Matthew C. McMurdo and David Natan delivered notice of their resignation as a member of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Avraham Ben-Tzvi resigned as Director at CapForce Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Avraham Ben-Tzvi, Matthew C. McMurdo and David Natan delivered notice of their resignation as a member of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Tan was appointed as Chief Executive Officer, Chairman and Director at CapForce Inc..
- Action
- appointed
- Role
- Chief Executive Officer, Chairman and Director
Exact text from the filing
the Board appointed John Tan, the designee of the Purchaser as Chief Executive Officer, Chairman and Director of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Lazar changed role as President at CapForce Inc..
- Action
- role change
- Role
- President
Exact text from the filing
Mr. Lazar also agreed to continue his services to the Company in the role of President for a period of at least sixty days following the consummation of the Transaction.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
CapForce Inc. underwent a change of control involving AEI Capital Ltd. for $2,550,000 (closed 2024-08-02).
- Action
- change of control
- Counterparty
- AEI Capital Ltd.
- Consideration
- $2,550,000
- Closing
- 2024-08-02
Exact text from the filing
Mr. Lazar transferred 550,000 shares of Series E Stock and his right to purchase an additional 2,450,000 shares of Series E Stock to AEI Capital Ltd. (the “Purchaser”) for $2,550,000
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.