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One RSU grant vests at year two; the other RSUs and options vest annually over four years, subject to continued employment. Options cost $5.10 per share.

The Hong Kong company began in traditional finance in 2016, listed on Nasdaq in 2023 and acquired AlloyX in 2025 to expand tokenization and AI infrastructure.

Operations and SEC reporting face no immediate impact; loanDepot will respond within 10 business days and is considering a reverse split.

The options vest 25% after each employee's first anniversary, with the rest in three annual installments tied to continued employment under Nasdaq rules.

3,437,500 shares were sold, with Roth Capital holding a 30-day option for 515,625 more; expected proceeds are intended for R&D, sales and working capital.

Ownership and voting power remain unchanged; the $0.001 par value stays intact, and holders need not act as the split targets NYSE American compliance.

Net proceeds also repay $21 million under Gray's credit facility, while the 7.500% notes mature Sept. 15, 2034; the 2029-note redemption is expected Aug. 27.

The final tranche brought in $674,944.65 from 1,499,877 units at $0.45, while proceeds will fund commercialization, expansion and working capital.

Jon Kemp's presentation is set for 8:10 a.m. PST, with a live webcast and replay available after the event through Qnity's Events page.

Laura Wrisley started Aug. 18 after senior roles at Velodyne and Vayu; one-third vests Nov. 15, 2027, with the rest quarterly over eight quarters.