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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Enova Systems Inc (CE) | USOTC:ENVS | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0001 | 0.00 | 01:00:00 |
On August 27, 2013, the Board of Directors (the "Board") of Enova Systems, Inc. ("Enova") approved amendments to Enova's 2006 Equity Compensation Plan (the "Plan") (a) to increase the number of shares authorized for issuance thereunder from 3,000,000 shares to 9,000,000 shares and (b) to increase the number of shares of common stock that may be issued to an individual in any calendar year from 500,000 shares to 5,000,000 shares.
Additionally, on August 27, 2013, the Board approved the grant to John Micek, the President and Chief Executive Officer of Enova, of an option to purchase 4,400,000 shares of the Common Stock of Enova at an exercise price of $0.02 per share. The vesting of such option was made conditional upon the Board approving, and Enova entering into definitive agreements covering and thereafter consummating, (x) a sale of all or substantially all of Enova's assets or (y) the acquisition of Enova by another entity by means of a merger, share exchange, tender offer or other similar transaction or (z) the acquisition by Enova of another entity by means of a merger, share exchange, tender offer or other similar transaction.
A copy of the press release relating to the foregoing is attached as Exhibit 99.1.
99.1 Press Release dated August 29, 2013.
Enova Systems, Inc. |
By: | /s/ John Micek |
Name: John Micek | |
Title: Chief Executive Officer |
Exhibit No.
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Description
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EX-99.1
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Press release dated August 29, 2013
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1 Year Enova Systems (CE) Chart |
1 Month Enova Systems (CE) Chart |
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