Vocodia Holdings Corp. Files 8-K: Agreements, Departures, and Appointments
Ticker: VHABW · Form: 8-K · Filed: Sep 18, 2024 · CIK: 1880431
Sentiment: neutral
Topics: material-agreement, officer-departure, director-election, corporate-action
Related Tickers: VHAI
TL;DR
Vocodia Holdings Corp. filed an 8-K detailing new agreements, terminations, and executive changes as of Sept 16, 2024.
AI Summary
On September 16, 2024, Vocodia Holdings Corp. entered into a material definitive agreement and terminated another. The company also reported on the departure of directors or certain officers, the election of directors, and the appointment of certain officers, along with compensatory arrangements. The filing includes financial statements and exhibits.
Why It Matters
This 8-K filing indicates significant corporate actions including new agreements, terminations, and changes in leadership, which could impact the company's strategic direction and operational stability.
Risk Assessment
Risk Level: medium — The filing indicates significant corporate restructuring and changes in agreements, which can introduce uncertainty and potential risks.
Key Players & Entities
- Vocodia Holdings Corp (company) — Registrant
- September 16, 2024 (date) — Date of earliest event reported
FAQ
What specific material definitive agreement did Vocodia Holdings Corp. enter into on September 16, 2024?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.
What was the nature of the material definitive agreement that was terminated?
The filing states that a material definitive agreement was terminated, but the nature of this agreement is not detailed in the provided text.
Who are the directors or officers whose departure was reported?
The filing mentions the departure of directors or certain officers, but their names are not specified in the provided text.
Were there any new appointments of officers or elections of directors?
Yes, the filing indicates the election of directors and the appointment of certain officers, along with details on compensatory arrangements, though specific names are not in the provided text.
What is the primary business of Vocodia Holdings Corp. according to the filing?
Vocodia Holdings Corp. is classified under SERVICES-COMPUTER PROGRAMMING SERVICES [7371].
Filing Stats: 981 words · 4 min read · ~3 pages · Grade level 13.1 · Accepted 2024-09-18 17:00:23
Key Financial Figures
- $0.0001 — Convertible Preferred Stock, par value $0.0001 per share (the "Series C Preferred Stoc
- $80,000 — nhill Advisory a Termination Payment of $80,000 in four equal installments beginning on
- $22,000 — gh September 30, 2024, in the amount of $22,000, payable upon the Company's receipt of
- $75,000 — y's receipt of net proceeds of at least $75,000 from any public or private placement of
Filing Documents
- ea0214821-8k_vocodia.htm (8-K) — 44KB
- ea021482101ex10-1_vocodia.htm (EX-10.1) — 30KB
- 0001213900-24-079950.txt ( ) — 299KB
- vhai-20240916.xsd (EX-101.SCH) — 4KB
- vhai-20240916_def.xml (EX-101.DEF) — 26KB
- vhai-20240916_lab.xml (EX-101.LAB) — 36KB
- vhai-20240916_pre.xml (EX-101.PRE) — 25KB
- ea0214821-8k_vocodia_htm.xml (XML) — 6KB
02 Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement. As reported on Form 8-K filed with the SEC on August 5, 2024, on August 2, 2024, the Company entered into a Securities Purchase Agreement (the "SPA") with certain accredited investors (the "Buyers") for the sale of Series C Convertible Preferred Stock, par value $0.0001 per share (the "Series C Preferred Stock") and Series D Preferred Stock, par value $0.0001 (the "Series D Preferred Stock"). On September 17, 2024, pursuant to section 8 of the SPA, the Buyers and the Company have terminated the SPA and any and all obligations therein for both the Company and the Buyers under the SPA and any related transaction documents. Additionally, given that the Series D Preferred Stock had already been issued to the Buyers pursuant to section 1(b)(i) of the SPA, the Company has exercised its right pursuant to section 9 of the Certificate of Designation of the Series D Preferred Stock and the Board of Directors of the Company has approved the redemption of all of the 20,000 outstanding shares of Series D Preferred Stock for their stated value of $0.0001 per share. Item 5.02 Departure of Certain Officers; Appointment of Certain Officers On September 16, 2024, Scott Silverman resigned from his position as Chief Financial Officer of Vocodia Holdings Corp. (the "Company"). To this end the Company and Mr. Silverman, in his capacity as Chief Executive Officer of Thornhill Advisory Group Inc. (f/k/a EverAsia Financial Group Inc.) ("Thornhill Advisory"), entered into a termination agreement dated September 16, 2024 (the "Termination Agreement") to terminate the Financial Advisory Services Agreement dated November 2, 2023, as amended on January 7, 2024, between the Company and EverAsia Financial Group Inc. Pursuant to the Termination Agreement, the Company will pay Thornhill Advisory a Termination Payment of $80,000 in four equal installments beginning on October 1, 2024, with each subsequent installment to be paid on the f
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf of the undersigned hereunto duly authorized. VOCODIA HOLDINGS CORP. Date: September 18, 2024 By: /s/ Brian Podolak Brian Podolak Chief Executive Officer 2