AIxCrypto Holdings, Inc. 8-K
Research Summary
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AIxCrypto Holdings Announces Advisor Deal & Executive Employment Agreements
What Happened
AIxCrypto Holdings, Inc. (AIXC) filed an 8‑K (Feb 17, 2026) disclosing a material advisor agreement and several executive employment/stay agreements. Key actions include: an Advisor Agreement with Yueting (YT) Jia effective Oct 2, 2025 (36‑month term) to serve as Chief Advisor; a Co‑CEO employment agreement with Jiawei Wang (dated Feb 10, 2026, effective Oct 2, 2025); an amended stay letter for Co‑CEO Kevin A. Richardson II (original Sept 29, 2025; amendment Feb 10, 2026); and a CFO employment agreement with Koti Meka (dated Feb 10, 2026, effective Oct 2, 2025).
Key Details
- Advisor: YT Jia — 36‑month term starting Oct 2, 2025; fixed annual advisory fee $500,000 (monthly pay), target variable fee $500,000 p.a., one‑time engagement fee $300,000 (50% at 6 months, 50% at 1 year). Anticipated annual equity grants: RSUs $1.5M (vest monthly over 4 years) and PSUs $1.5M (vest monthly over 3 years, subject to performance).
- Co‑CEO Jiawei Wang — base salary $300,000; one‑time cash advance $200,000 vesting monthly over 36 months (repayable if departure before vesting). Employment term: 4 years with automatic one‑year renewals unless non‑renewed. Severance if terminated Without Cause or for Good Reason: 12 months base pay + lump sum equal to 100% of Target Annual Bonus; 12 months accelerated RSU vesting; Change‑of‑Control provides 100% acceleration of RSUs/PSUs within 12 months.
- Co‑CEO Kevin Richardson — original stay letter required him to remain through at least Mar 31, 2026; termination after that date triggers lump sum equal to his annual base salary ($234,000) payable within 60 days (18% annual penalty if late). Amendment (effective retroactive Oct 1, 2025) adds primary oversight of the Pharmaceutical business and an additional $4,500 monthly fee (in addition to a previously established $4,500 weekly consultancy fee).
- CFO Koti Meka — part‑time (≈20% time), base salary $150,000; discretionary bonus up to $70,000; eligible for annual equity awards totaling $200,000. Company consents to his continued full‑time employment with Faraday Future.
Why It Matters
These agreements commit the company to meaningful cash and equity compensation (notably the advisor’s potential ~$3.0M annual equity/fees target) and create severance and acceleration protections for senior executives. For investors, that means increased operating and potential non‑cash (equity) expense, possible future dilution from large RSU/PSU grants, and enhanced retention/termination costs tied to leadership continuity and change‑of‑control events. The filings also clarify the company’s strategic advisory focus (RWA, EAI, BesTrade AI, Web3 devices, AI asset management) and formalize a part‑time CFO arrangement with ties to Faraday Future, which may be relevant to governance and oversight considerations.