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Wednesday, August 03, 2022 11:23:40 AM
RGC has adopted a more open strategy that is in line with shareholders' long-term interests, in contrast to some early-stage companies where it can be challenging to sort through the numerous ways that founders and executives may benefit whether or not the company succeeds.
The CEO will continue to receive a $1 annual salary with no bonus until Regencell reaches a $1 billion market valuation in order to assist the company even further. Additionally, he has reserved share options for every employee but himself. Additionally, he has taken the initiative to use more than $5.9 million of his own money to buy shares on the open market. Not to mention, the RGC management team and directors have collectively extended their lock-up commitments on their stock options. The CEO hopes that these actions demonstrate their dedication to and faith in the business.
Thanks for your support! pic.twitter.com/OEL7M8a4y9
— Yat-Gai Au (@yat_gai) July 27, 2022
Recent RGC News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/20/2024 01:13:05 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/02/2024 11:04:03 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/15/2023 11:09:52 AM
- Form 20-F - Annual and transition report of foreign private issuers [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/27/2023 08:15:39 PM
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