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Executive Summary

Adia Nutrition, Inc. entered into an engagement letter with Lucosky Brookman LLP for legal services related to a planned uplisting from OTC Markets to NASDAQ and a contemplated bridge financing. The agreement outlines a fixed fee of $150,000 for the uplisting and bridge financing services, with specific payment milestones tied to the closing of the bridge financing, filing of an S-1 registration statement, and closing of the uplisting. This is a routine engagement of legal counsel for a capital markets transaction and does not contain any financial results or material definitive agreement with a counterparty.

Key Facts

• Adia Nutrition engaged Lucosky Brookman LLP as legal counsel for a planned uplisting to NASDAQ and a bridge financing.
• The fixed fee for the uplisting and bridge financing services is $150,000.
• Payment milestones: $30,000 upon closing of the bridge financing, $50,000 upon filing the S-1 registration statement, and the balance upon closing of the uplisting.
• The engagement letter also covers ongoing SEC compliance services, to be billed at $8,000 per month after a listing on Nasdaq or NYSE.

Financial Impact

Fixed legal fee of $150,000 for uplisting and bridge financing services, plus ongoing monthly fees of $8,000 for SEC compliance post-listing.

Risk Factors

• The bridge financing and uplisting may not be completed on the terms described or at all.
• The engagement letter grants the law firm a security interest in the company's assets to secure outstanding obligations, which could be a risk if fees are unpaid.

Market Snapshot

Investment Themes

Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

US Market Status