other_material
confidence high
sentiment neutral
materiality 0.70
White Fox Ventures signs deal to sell controlling preferred stock for $475k; CEO resigns
WHITE FOX VENTURES, INC.
- Mark A. Jones appointed President, CEO and Director after Frank Igwealor resigned July 21, 2025.
- Opportunity Zones Capital sells 50 Series A Preferred shares (60% voting control) to Jones for $475,000, payable within 24 months from fundraising.
- Seller retains voting control and finance/administration authority until full payment; ≥40% of funds raised allocated to purchase price.
- No salaries or share issuances allowed until seller fully paid, except for revenue-generating acquisitions or Reg A/S-1 raises.
- Breach by buyer voids agreement, rescinds appointments, and forfeits any consideration paid.
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