Highest-materiality recent filing
Innovative Payment Solutions and Business Warrior mutually terminate merger agreement
Termination of July 28, 2024 Merger Agreement effective January 22, 2025; no liabilities owed by either party.
Richard Rosenblum resigned as President, CFO, Secretary, and board member effective Jan 7, 2025.
Merger: IPSI Merger Sub merges into Business Warrior; Business Warrior holders receive 45% of pro forma IPSI common stock.
IPSI issues ~$308k convertible notes, signs non-binding LOI to acquire BZWR
Issued unsecured convertible notes to 4 accredited investors for $308k gross; 8% interest, 12-month maturity, conversion at $0.345/share.
IPSI novates IPSIPay SAAS agreement and $324,544 debt to Endpoint Technologies
IPSI transfers all rights, obligations, and $324,543.78 debt under the SAAS Agreement to Endpoint.
Innovative Payment Solutions forms JV for payment processing, to contribute up to $1.5M
Entered LLC Operating Agreement for IPSIPay Express, LLC, with Open Path, Inc. and EfinityPay, LLC.
Innovative Payment Solutions extends convertible notes to Dec 2023, cuts conversion price to $0.0115
Maturity of 12.5% convertible notes to Cavalry and Mercer extended to Dec 30, 2023; conversion price slashed from $0.15 to $0.0115 per share.
Innovative Payment Solutions extends convertible notes, issues new warrants to Cavalry and Mercer
Extended $572K convertible notes to each of Cavalry and Mercer to Nov 16, 2022; principal increased 20% to $1,091,754.13 each.
Innovative Payment Solutions signs Mario Lopez endorsement deal; $300K cash + 15M warrants
Two-year endorsement agreement with Pez-Mar, Inc. for Mario Lopez to serve as spokesperson effective July 8, 2022.
Reverse stock split approved (195.9M for, 57.9M against); board may set ratio between 1:2 and 1:30.
Innovative Payment Solutions soft launches Beyond Wallet app for US-to-Mexico remittances
Launched Beyond Wallet e-wallet app via wholly-owned subsidiary Beyond Fintech, Inc.
On January 7, 2025, Richard Rosenblum provided written notice to the board of directors (the "Board") of Innovative Payment Solutions, Inc., a Nevada corporation (the "Company"), of his resignation as President, Chief Financial Officer, Secretary, and as a member of the Board, effective immediately.
appointed William D. Corbett, the current Executive Chairman of the Company, to the additional office of Chief Executive Officer of the Company.
the Board, pursuant to the powers of the Board provided for under applicable Nevada law and the Bylaws, appointed Richard Rosenblum, the current President and Chief Financial Officer of IPSI, as IPSI’s 'principal executive officer' for all general corporate purposes and for Securities and Exchange Commission reporting purposes.
The Board appointed William D. Corbett, the current Chairman of the Board of IPSI, to the office of Executive Chairman and removed Mr. Corbett as IPSI’s Chief Executive Officer.
Mr. Rosenblum was elected to the board of directors of the Company
appointed Richard Rosenblum as President and Chief Financial Officer of the Company.
On July 22, 2021, the board of directors (the “ Board ”) of Innovative Payment Solutions, Inc. (the “ Company ”) appointed David Rios (“ Mr. Rios ”) to the Board of the Company to serve until the Company’s next annual meeting of shareholders.
On May 31, 2021, Andrey Novikov notified the Board of Directors (the “Board”) of Innovative Payment Solutions, Inc. (the “Company”), of his decision to resign as a member of the Board and as Secretary of the Company, effective as of June 1, 2021.
On May 31, 2021, Andrey Novikov notified the Board of Directors (the “Board”) of Innovative Payment Solutions, Inc. (the “Company”), of his decision to resign as a member of the Board and as Secretary of the Company, effective as of June 1, 2021.
Max materiality 0.80 · Median 0.55 · Most common event other_material