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- Related Party (new) — Company entered material agreements with CEO involving share issuance and reimbursement obligations, plus guaranty of company settlement debt.
AGAE to issue shares to CEO and General Counsel, commits to $5.9M guaranty reimbursement
Filed May 4, 2026 · Period ending May 2, 2026 · ~1 min read
Key Changes
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Company agreed to reimburse CEO Yangyang Li for any payments under his personal guaranty of $5.9M attorneys' fee award plus interest to Knighted Pastures, LLC, creating immediate contingent liability with 8.75% annual interest.
Item 1.01 verify on EDGAR → -
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CEO to receive shares worth 25% of guaranty exposure (approximately 4.9M shares at $0.30/share), contingent on special committee approval, fairness opinion, and majority-of-minority stockholder vote.
Item 1.01 verify on EDGAR → -
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General Counsel Yundan Xiao to receive up to 3M shares (capped at $900K value) to address compensation gaps, vesting over 12 months with lock-up periods, subject to stockholder approval of plan amendment.
Item 1.01 verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Generated by AI · Jun 2, 2026 1:50 AM