Techlott Inc. (APYP) Form 8-K — Oct 28, 2026
$APYPForm 8-KItems 1.01, 1.02, 3.02, 5.02, 7.01, 8.01, 9.01Filed Oct 28, 2026, 5:17 PM ET0001493152-26-049101Original filing
Techlott Inc.'s Chairman and Executive Chairman Eldar Grady resigned on October 28, 2026 under a Waiver, Termination and Release Agreement, with CFO Ron Mekler appointed to the Board in his place. Under the separation agreement, Grady waived roughly US$400,438 in accrued consulting fees and the right to subscribe for 638,961,306 shares, but retains 188,300,000 shares (~4.0% fully diluted) at US$0.0001 per share via 3,766 Series B Preferred shares, with anti-dilution protection capped at US$5,000,000 of new value and a 12-month standstill.
Key figures
- Mekler options
- 15,000,000 shares at US$0.0001, fully vested
- Retained shares
- 188,300,000 common shares (~4.0% fully diluted) via 3,766 Series B Preferred shares
- Investor warrant
- 14,000,000 shares at US$0.01, expiring July 24, 2027
- Anti dilution cap
- US$5,000,000 of new value, protected at 4.0%
- Standstill period
- 12 months
- Mekler monthly fee
- US$10,000
- Waived consulting fees
- US$400,438.36 as of September 30, 2026
- Retained purchase price
- US$18,830 at US$0.0001/share, paid by set-off
- Authorized common increase
- 10,000,000,000 shares, effective on or after November 5, 2026
- Waived subscription shares
- 638,961,306 common shares
- Waived series b reservation
- 17,842 preferred shares (892,100,000 common on conversion)
AI analysis
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