UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 8.01. Other Events.
On January 8, 2024, Janover Inc., a Delaware corporation (the “Company”) issued a press release announcing that it has launched a new insurtech entity as a wholly owned subsidiary of the Company, Janover Insurance Group Inc. With the new subsidiary, the Company aims to transform the landscape of commercial property insurance through the application of generative AI and its unique access to data on the commercial property market.
The press release also announced that the Company has retained Mr. Tyler Schapiro (the “Consultant”), as a strategic advisor for its newly established commercial insurance arm, Janover Insurance Group Inc. In connection therewith, the Company has granted the Consultant 10,000 non-qualified stock-options (the “Equity Award”) of the Company. The Equity Award will be subject to the terms and conditions set forth in the Company’s 2023 Equity Incentive Plan (the “Plan”) and the applicable award agreement between the Company and the Consultant. One hundred percent (100%) of the Equity Award will vest on the one-year anniversary of the vesting commencement date. The Equity Award shall cease to vest on the date that notice of termination is given by either party to the other.
A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this Item 8.01 of Form 8-K and Exhibit 99.1 attached hereto is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
Item 9.01. Financial Statement and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: January 11, 2024 | JANOVER INC. | |
| By: | /s/ Blake Janover | |
| Name: | Blake Janover | |
| Title: | Chief Executive Officer and President | |
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