Fortress
$2.0 million
Fortress loaned us $2.0 million under the Mustang Founders Agreement, the up-front fee to acquire our license agreement with COH.
| Officer | Age | In this role | Joined | 2024 pay | Source |
|---|---|---|---|---|---|
|
Manuel Litchman
Also a director
President, Chief Executive Officer, Interim Chief Financial Officer and Director
|
71 | Not stated | Not stated | $498,042 |
Each officer opens the passage of the filing that names them. A title that changed since the list comes from the officer's latest Form 3, 4 or 5, and its start year is not stated there. "Not stated" means the filing does not say. Pay is the proxy's Summary Compensation Table, which reports only the named executive officers.
Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.
Fortress loaned us $2.0 million under the Mustang Founders Agreement, the up-front fee to acquire our license agreement with COH.
Fortress exchanged its Class B Common shares for common shares and Class A Preferred shares under an Exchange Agreement.
Under the Mustang Founders Agreement we must pay Fortress a cash fee of 4.5% of annual net sales.
Management Services Agreement under which Fortress provides advisory and consulting services to us.
Annual consulting fee paid to Fortress under the MSA.
We issued 23,450 shares of common stock to Fortress equal to 2.5% of certain gross proceeds from offerings.
We recorded 1,319 shares issuable to Fortress equal to 2.5% of certain gross proceeds from offerings.
Fortress pays certain expenses on our behalf, recorded as payables and accrued expenses to a related party.
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