What changed
The Board increased its size from six to seven directors and appointed Edward Delatorre, effective October 20, 2026, to serve until the 2026 annual meeting. Delatorre received options to purchase 30,000 shares at an exercise price of $1.45 per share, with a ten-year term. Half vest on October 20, 2027, and the remaining half vest in four equal quarterly installments over the following year. Delatorre has not been appointed to any Board committees, and no arrangements or related-party transactions were disclosed.
Why it matters
The Board increased its size from six to seven directors and appointed Edward Delatorre, effective October 20, 2026, to serve until the 2026 annual meeting. Delatorre received options to purchase 30,0