Indaptus Therapeutics (NASDAQ: INDP) names David Natan to board
Rhea-AI Filing Summary
Indaptus Therapeutics, Inc. expanded its Board of Directors from eight to nine members and appointed David Natan to fill the new seat. He was named a Class II director with a term running until the 2026 annual meeting of stockholders, when he will stand for election. Natan was designated by David E. Lazar under a securities purchase agreement dated December 22, 2025.
Natan brings extensive finance and public company experience, including leadership roles at multiple companies and service on other public boards and audit committees. He was also appointed to the Audit Committee, replacing Avraham Ben-Tzvi, who will remain on the board and is expected to serve as a paid consultant. The board determined that Natan qualifies as an independent director and meets Nasdaq’s heightened independence standards for audit committee service. He will participate in the company’s non-employee director compensation program.
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8-K Event Classification
FAQ
What board change did Indaptus Therapeutics (INDP) disclose?
Indaptus Therapeutics increased its Board of Directors from eight to nine members and appointed David Natan to fill the new board seat.
What is David Natan’s role and term at Indaptus Therapeutics (INDP)?
David Natan was appointed as a Class II director and will serve until the 2026 annual meeting of stockholders, when he will stand for election.
How was David Natan selected for the Indaptus Therapeutics (INDP) board?
He is a nominee designated by David E. Lazar under a securities purchase agreement dated December 22, 2025, which gives Lazar the right to recommend three individuals to the board.
What committee assignments does David Natan have at Indaptus Therapeutics (INDP)?
David Natan was appointed as a member of the Audit Committee, replacing Avraham Ben-Tzvi, who will remain a director and is expected to be engaged as a paid consultant.
Is David Natan considered independent under Nasdaq rules at Indaptus Therapeutics (INDP)?
Yes. The board determined that David Natan meets the definition of an independent director and satisfies the heightened independence standards for audit committee service under Nasdaq listing standards.
How will David Natan be compensated as a director of Indaptus Therapeutics (INDP)?
He will participate in the company’s non-employee director compensation program, which is described in a document incorporated by reference as Exhibit 10.1.