Apple iSports Group Files 8-K/A Amendment
Ticker: AAPI · Form: 8-K/A · Filed: Dec 26, 2024 · CIK: 1134982
Sentiment: neutral
Topics: corporate-governance, material-agreement, filing-amendment
TL;DR
Apple iSports Group filed an 8-K/A amendment on 12/26, updating info on exec changes and material agreements from 11/1.
AI Summary
Apple iSports Group, Inc. filed an amendment (8-K/A) on December 26, 2024, to a previous filing concerning events that occurred on November 1, 2024. The amendment pertains to the entry into a material definitive agreement, the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers. The filing also includes financial statements and exhibits.
Why It Matters
This amendment provides updated information regarding significant corporate events, including changes in leadership and material agreements, which could impact the company's strategic direction and financial performance.
Risk Assessment
Risk Level: medium — Amendments to 8-K filings often indicate significant corporate events that can introduce uncertainty or signal changes in business operations.
Key Players & Entities
- Apple iSports Group, Inc. (company) — Registrant
- November 1, 2024 (date) — Earliest event date
- December 26, 2024 (date) — Filing date
FAQ
What specific material definitive agreement was entered into by Apple iSports Group, Inc.?
The filing does not specify the details of the material definitive agreement, only that it is an item being reported on.
Who are the directors or officers that departed from Apple iSports Group, Inc.?
The filing indicates that there were departures of directors or certain officers, but does not name the individuals involved.
Were there any new elections or appointments of officers or directors?
Yes, the filing indicates the election of directors and the appointment of certain officers.
What is the nature of the compensatory arrangements for certain officers mentioned in the filing?
The filing states that compensatory arrangements of certain officers are part of the reported items, but does not provide specific details.
What is the significance of this filing being an 8-K/A (Amendment)?
An 8-K/A filing indicates that Apple iSports Group, Inc. is amending a previously filed Form 8-K to correct or supplement information previously reported.
Filing Stats: 593 words · 2 min read · ~2 pages · Grade level 10.2 · Accepted 2024-12-26 17:28:26
Key Financial Figures
- $0.25 — rcise price for stated stock options at $0.25 per share, which is the subscription pr
Filing Documents
- aapi_8ka.htm (8-K/A) — 25KB
- aapi_ex1014.htm (EX-10.14) — 111KB
- 0001477932-24-008319.txt ( ) — 271KB
- aapi-20241101.xsd (EX-101.SCH) — 6KB
- aapi-20241101_lab.xml (EX-101.LAB) — 14KB
- aapi-20241101_cal.xml (EX-101.CAL) — 1KB
- aapi-20241101_pre.xml (EX-101.PRE) — 9KB
- aapi-20241101_def.xml (EX-101.DEF) — 2KB
- aapi_8ka_htm.xml (XML) — 4KB
01. Entry Into A Material Definitive Agreement
Item 1.01. Entry Into A Material Definitive Agreement. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As previously reported, on November 1, 2024, the Board of Directors ("Board") approved the creation of a 2024 Stock Incentive Plan ("2024 Stock Plan" or "Plan") on terms and conditions to be approved by the Board of Directors. The Board authorized a total of 15,000,000 shares of common stock to be granted under the Plan for the benefit of employees, officers, directors and consultants. The 2024 Stock Plan will allow for the grant of stock options and restricted stock awards. On December 20, 2024, the Board of Directors formally approved the 2024 Stock Plan which is attached hereto as Exhibit 10.14. As previously reported, on November 1, 2024, the Board of Directors approved the grant of a total of 10,275,000 stock options under the Plan. The Board approved the exercise price for stated stock options at $0.25 per share, which is the subscription price of the Company's recent private placement offering. Of the total number of options granted, 5,000,000 options were granted to a company owned by the Company's Chief Executive Officer and 1,000,000 options were granted to the wife of the Company's Chief Executive Officer.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits – The following exhibits are filed as part of this report: Exhibit No. Description of Exhibit 10.14 2024 Stock Incentive Plan of Apple iSports Group, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Apple iSports Group, Inc. (Registrant) Date: December 26, 2024 By: /s/ Joe Martinez Joe Martinez Chief Executive Officer 3