Research analysts covering GenFlat Holdings.
Recent press releases and 8-K filings for GFLT.
GenFlat Closes Public Offering and Uplists to OTCQB
GFLT
Delisting/Listing Issues
- GenFlat Holdings, Inc. (GFLT) closed its public offering of 2,333,333 shares of common stock at $3.00 per share, generating $7.0 million in gross proceeds.
- The company received approximately $6.46 million in net proceeds from the offering, which will be used for working capital and general business purposes, including the repayment of approximately $550,000 of short-term working capital loans.
- GenFlat received approval to list its common stock on the OTCQB Exchange, with trading commencing on February 3, 2026.
- The underwriter, Craig-Hallum Capital Group LLC, received a warrant to purchase 116,666 shares at an exercise price of $3.45 per share, exercisable from August 4, 2026, until February 4, 2031.
3 days ago
GenFlat Holdings, Inc. Announces Executive Appointments and Compensation Agreements
GFLT
Management Change
Executive Compensation
- GenFlat Holdings, Inc. announced new employment agreements and appointments for key executives on September 24, 2025, including Drew Hall as CEO, Garrett Hall as President, Matthew J. Albanese as Chief Commercial Officer, and William R. Benz as Chief Financial Officer.
- Drew Hall's base salary is $180,000 per year, increasing to $275,000 after the anticipated public offering, with eligibility for an annual cash bonus up to $137,500.
- Garrett Hall and Matthew J. Albanese will each receive a base salary of $275,000 per year (contingent on public offering for Albanese), eligibility for an annual cash bonus up to $137,500, a 3% commission on certain revenue, and a grant of 330,000 restricted stock units. William R. Benz's base salary is $175,000 per year.
- Many of these new compensation terms and appointments are contingent upon the completion of the Company's anticipated public offering of securities.
Sep 26, 2025, 6:32 PM
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