Replies to post #80566 on CV Sciences Inc (CVSI)

[Gladys Thong]

14A is out . some highlights. It is interesting on how they will do this 10 year dilution, anyway-= Initially, 34,976,000 shares of the Company’s common stock will be authorized under the 2023 Plan. The number of shares of the Company’s common stock authorized for issuance under the 2023 Plan shall automatically increase on January 1 of each fiscal year (for a period of ten years after adoption of the 2023 Plan) during the term of the 2023 Plan, commencing on January 1, 2024, to the least of (a) four percent (4%) of the total number of shares of the Company's Common Stock outstanding on December 31st of the prior year, and (b) a lesser number of Common Stock determined by the Board.

Authorized Common stock DILUTION resulting SOLELY from the "2023 Plan" after n years:

(34,976,000)(1.04^n) , for n<=10.

DEF 14A - 04/11/2023



Given the current state of CV Sciences' finances and performance, I kinda doubt this will be its last dilution. ;-)


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