Monitor for stockholder approval of the plan (required within 12 months) and any subsequent option exercises that would increase share count. The performance-based vesting conditions (Nasdaq uplisting, M&A, revenue targets) provide milestones to track for potential value creation.
Price Chart
Executive Summary
I-ON Digital Corp. adopted a new 2026 Equity Incentive Plan and granted options for 66,750 shares of Series E Convertible Preferred Stock to officers, employees, and service providers. The plan reserves 100,000 Series E shares for issuance, with an annual evergreen increase of 4% of outstanding capital stock. This is a routine compensatory arrangement with no immediate financial impact.
Key Facts
- Board approved the 2026 Equity Incentive Plan on June 8, 2026.
- 100,000 shares of Series E Convertible Preferred Stock reserved under the plan.
- Annual automatic increase of 4% of outstanding capital stock starting Jan 1, 2027, for up to 10 years.
- Options granted for 66,750 Series E shares at $145 per share (based on $0.29 common stock × 500 conversion rate).
- CEO Carlos X. Montoya received options for 18,000 time-vesting shares and 2,000 performance-based shares tied to Nasdaq uplisting and M&A.
- Other named executives (Ken Park, Brad Hoffman, John Jubilee, Patrick White) received options totaling 18,000 time-vesting shares and 8,000 performance-based shares.
- Additional 20,750 Series E shares granted to employees, consultants, and third-party service providers.
Financial Impact
No immediate cash impact; potential future dilution from up to 100,000 Series E shares (plus annual evergreen increase) if options are exercised.
Risk Factors
- Potential dilution from exercise of up to 100,000 Series E shares plus annual evergreen increase.
- Performance-based options may not vest if milestones are not achieved.
- Plan requires stockholder approval within 12 months; failure could affect option validity.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-028491 |
| Document: form8-k.htm | 0001493152-26-028491 |
| Document: 0001493152-26-028491-index-headers.html | 0001493152-26-028491 |
| Document: 0001493152-26-028491-index.html | 0001493152-26-028491 |
| Document: 0001493152-26-028491.txt | 0001493152-26-028491 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 19d ago | 8-K | $0.1020 | awaiting T+20 | — | $0.0920 (−9.80%) |
Jun 12, 2026 19w ago | 8-K | $0.1720 $0.2200 | ▲ +27.91% | ▲ +28.05% | $0.0920 (−46.51%) |
US Market Status
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