Genvor issues 200,000 shares to convert $100K owed
The issued shares represented conversion of $100,000 in payables under the scientific advisor agreement and the company's restructured compensation package.
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Rhea-AI Filing Summary
Genvor Inc reported issuing 200,000 common shares held by ACT Holdings, LLC on April 15, 2026, upon conversion of $100,000 in outstanding payables owed to Dr. Yates, at a recorded transaction price of $0.50 per share. Clayton Clopton Yates, a director and ten percent owner, has voting and dispositive power over shares held by the LLC and is deemed their beneficial owner. The reported resulting holding was 600,000 shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 200,000 | $0.50 | $100K |
Footnotes (2)
- F1. Shares issued upon Dr. Yates' conversion of $100,000 in outstanding payables owed by the Company to Dr. Yates, pursuant to his scientific advisor agreement with the Company and the Company's restructured compensation package previously approved by the Company, which permits Dr. Yates to convert amounts due to him into Company common stock.
- F2. Dr. Yates has voting and dispositive power with respect to shares held in the name of ACT Holdings, LLC, and is therefore deemed to be beneficial owner of shares held in its name.
Key Figures
Key Terms
outstanding payables financial
scientific advisor agreement technical
voting and dispositive power regulatory
beneficial owner regulatory
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