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.
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.
Max materiality 0.80 · Median 0.60 · Most common event other_material