Apple iSports Group Files 8-K on Agreements and Officer Changes
Ticker: AAPI · Form: 8-K · Filed: Nov 8, 2024 · CIK: 1134982
Sentiment: neutral
Topics: material-agreement, officer-changes, director-changes
TL;DR
Apple iSports Group (ISPT) filed an 8-K detailing new agreements and exec changes as of Nov 1st.
AI Summary
Apple iSports Group, Inc. filed an 8-K on November 8, 2024, reporting events as of November 1, 2024. The filing indicates a material definitive agreement and changes in directors or officers, including the election of directors and appointment of officers. The company was formerly known as Prevention Insurance Com, Inc. and is incorporated in Nevada.
Why It Matters
This 8-K filing signals significant corporate actions, including new agreements and potential leadership changes, which could impact the company's strategic direction and operational stability.
Risk Assessment
Risk Level: medium — The filing indicates material definitive agreements and changes in corporate officers and directors, which can introduce uncertainty and potential shifts in strategy.
Key Players & Entities
- Apple iSports Group, Inc. (company) — Registrant
- Prevention Insurance Com, Inc. (company) — Former company name
- November 1, 2024 (date) — Earliest event reported date
- November 8, 2024 (date) — Filing date
FAQ
What is the nature of the material definitive agreement mentioned in the filing?
The filing states that there was an 'Entry into a Material Definitive Agreement' but does not provide specific details about the agreement itself within the provided text.
What specific changes occurred regarding directors or officers?
The filing indicates 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers,' but the exact details of these changes are not specified in the provided excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on November 1, 2024.
What was Apple iSports Group, Inc. formerly known as?
Apple iSports Group, Inc. was formerly known as Prevention Insurance Com, Inc.
In which state is Apple iSports Group, Inc. incorporated?
Apple iSports Group, Inc. is incorporated in Nevada.
Filing Stats: 519 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-11-07 17:39:40
Key Financial Figures
- $0.25 — rcise price for stated stock options at $0.25 per share, which is the subscription pr
Filing Documents
- aapi_8k.htm (8-K) — 20KB
- 0001477932-24-006950.txt ( ) — 135KB
- aapi-20241101.xsd (EX-101.SCH) — 6KB
- aapi-20241101_lab.xml (EX-101.LAB) — 13KB
- aapi-20241101_cal.xml (EX-101.CAL) — 1KB
- aapi-20241101_pre.xml (EX-101.PRE) — 8KB
- aapi-20241101_def.xml (EX-101.DEF) — 2KB
- aapi_8k_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. On November 1, 2024, the Board of Directors ("Board") adopted and 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. In addition on that same date, the Board of Directors approved the grant of a total of 10,275,000 stock options to be granted 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. 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: November 7, 2024 By: /s/ Joe Martinez Joe Martinez Chief Executive Officer 3