SDR Drone enters consulting agreement and adopts new stock incentive plan

SDR Drone, Inc., a Florida-based aircraft manufacturer, announced several corporate updates on October 22 via a press release submitted to the Securities and Exchange Commission. The company established a consulting partnership with SJT Capital LLC, which will offer strategic and capital markets guidance, including advice on public market positioning and potential listing on a national exchange.

In exchange, SDR Drone will grant 250,000 shares of common stock to SJT Capital, with the potential for additional shares upon meeting milestones such as signing a broker-dealer engagement letter or achieving NYSE listing. The consulting agreement remains active until June 27, 2027.

Additionally, the company's board of directors approved a new Stock Incentive Plan for 2026, reserving 12 million shares of common stock for employees, officers, directors, and consultants. The options will vest in three equal installments over three years, contingent upon continued employment. A registration statement will be filed to offer these reserved shares, and the company intends to qualify its Form 1-A offering statement.

The information was sourced from a press release filed with the SEC, and this report was AI-generated with editorial review.