other material
confidence high
sentiment neutral
materiality 0.65
Zeo ScientifiX grants 625k options each to CEO, CMO, and major stockholder at $1.67; plus 80k to director
Zeo ScientifiX, Inc.
- Fully vested options for 625,000 shares each to Greyt Ventures (consultant/stockholder), CEO Ian Bothwell, and CMO George Shapiro; exercise price $1.67, 10-year term.
- Performance-based incentive options for 625,000 shares each to same parties; vest upon milestone achievement, cashless exercise, $1.67 strike, 10-year term.
- Non-executive director Chuck Bretz receives 80,000 fully vested options with $1.67 exercise price and 5-year term.
- Incentive Options are antidilutive against any future transaction issuing 10% or more of fully diluted common stock.