AG˹ٷ

STOCK TITAN

[6-K] Anghami Inc. Current Report (Foreign Issuer)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K
Rhea-AI Filing Summary

Xtant Medical Holdings (XTNT) filed an 8-K announcing significant board changes effective 1 Aug 2025. Investment firm Nantahala Capital, now the beneficial owner of 49.1 % of XTNT’s outstanding shares, requested and secured the appointments of Abhinav “Abi� Jain and Tyler Lipschultz as independent directors. Jain joins the Compensation and Nominating & Governance Committees; Lipschultz joins the Audit and Compensation Committees.

Jain, an analyst at Nantahala since 2019, brings structured-credit and med-tech investment experience and currently sits on two NASDAQ-listed pharma boards. Lipschultz contributes 35 years of operating leadership in orthobiologics and spine (LocateBio, Orthofix, SeaSpine, NuVasive).

Concurrent with the additions, directors Robert McNamara and Lori Mitchell-Keller resigned; the company states the departures were not due to disagreements but reflected an oral understanding with Nantahala on board composition. Both new directors will receive standard non-employee director compensation and have executed XTNT’s customary indemnification agreement (Exhibit 10.1).

No other related-party transactions were disclosed beyond the previously reported April 2025 purchase by Nantahala of 57 m shares at $0.42 and associated shelf registration, effective 19 May 2025.

Xtant Medical Holdings (XTNT) ha presentato un modulo 8-K annunciando importanti cambiamenti nel consiglio di amministrazione a partire dal 1° agosto 2025. La società di investimento Nantahala Capital, ora proprietaria effettiva del 49,1% delle azioni in circolazione di XTNT, ha richiesto e ottenuto la nomina di Abhinav “Abi� Jain e Tyler Lipschultz come direttori indipendenti. Jain entra a far parte dei comitati per la remunerazione e per la nomina e la governance; Lipschultz si unisce ai comitati di revisione e remunerazione.

Jain, analista presso Nantahala dal 2019, porta esperienza negli investimenti in credito strutturato e tecnologia medica e attualmente siede in due consigli di amministrazione di aziende farmaceutiche quotate al NASDAQ. Lipschultz apporta 35 anni di esperienza nella leadership operativa nei settori ortobiologici e della colonna vertebrale (LocateBio, Orthofix, SeaSpine, NuVasive).

Contestualmente alle nuove nomine, i direttori Robert McNamara e Lori Mitchell-Keller hanno rassegnato le dimissioni; la società precisa che le uscite non sono dovute a disaccordi, ma riflettono un accordo verbale con Nantahala sulla composizione del consiglio. Entrambi i nuovi direttori riceveranno la normale remunerazione prevista per i direttori non dipendenti e hanno firmato il consueto accordo di indennizzo di XTNT (Allegato 10.1).

Non sono state divulgate altre transazioni con parti correlate oltre all'acquisto precedentemente riportato di 57 milioni di azioni da parte di Nantahala ad aprile 2025 al prezzo di 0,42 dollari per azione e alla relativa registrazione shelf, efficace dal 19 maggio 2025.

Xtant Medical Holdings (XTNT) presentó un formulario 8-K anunciando cambios significativos en su junta directiva con vigencia a partir del 1 de agosto de 2025. La firma de inversión Nantahala Capital, ahora propietaria beneficiaria del 49,1% de las acciones en circulación de XTNT, solicitó y logró la designación de Abhinav “Abi� Jain y Tyler Lipschultz como directores independientes. Jain se incorpora a los comités de compensación y de nominaciones y gobernanza; Lipschultz se une a los comités de auditoría y compensación.

Jain, analista en Nantahala desde 2019, aporta experiencia en inversiones en crédito estructurado y tecnología médica, y actualmente forma parte de dos juntas farmacéuticas listadas en NASDAQ. Lipschultz aporta 35 años de liderazgo operativo en ortobiología y columna vertebral (LocateBio, Orthofix, SeaSpine, NuVasive).

Simultáneamente a estas incorporaciones, los directores Robert McNamara y Lori Mitchell-Keller renunciaron; la empresa indica que estas salidas no se debieron a desacuerdos, sino que reflejan un acuerdo verbal con Nantahala sobre la composición de la junta. Ambos nuevos directores recibirán la compensación estándar para directores no empleados y han firmado el acuerdo habitual de indemnización de XTNT (Anexo 10.1).

No se divulgaron otras transacciones con partes relacionadas además de la compra previamente reportada en abril de 2025 por Nantahala de 57 millones de acciones a $0.42 y el registro shelf asociado, efectivo desde el 19 de mayo de 2025.

Xtant Medical Holdings(XTNT)� 2025� 8� 1일부� 중요� 이사� 변� 사항� 발표하는 8-K 보고서를 제출했습니다. 투자 회사 Nantahala Capital은 현재 XTNT 발행 주식� 49.1%� 실질적으� 소유하고 있으�, Abhinav “Abi� JainTyler Lipschultz� 독립 이사� 임명� 것을 요청하고 승인받았습니�. Jain은 보상위원� � 지명·거버넌� 위원회에 합류하며, Lipschultz� 감사위원� � 보상위원회에 합류합니�.

2019년부� Nantahala에서 애널리스트로 활동� Jain은 구조� 신용 � 의료기술 투자 경험� 보유하고 있으� 현재 NASDAQ 상장 제약� � 곳의 이사회에 참여하고 있습니다. Lipschultz� LocateBio, Orthofix, SeaSpine, NuVasive 등에� 35년간 정형생물� � 척추 분야 운영 리더십을 제공합니�.

신임 이사 임명� 동시� Robert McNamaraLori Mitchell-Keller 이사가 사임했으�, 회사� 이들� 퇴임� 의견 차이 때문� 아니� Nantahala왶� 구두 합의� 따른 이사� 구성 변경임� 밝혔습니�. � 신임 이사� 표준 비임� 이사 보수� 받고 XTNT� 일반적인 면책 계약�(첨부 10.1)� 서명했습니다.

2025� 4� Nantahala가 0.42달러� 5,700� 주를 매입하고 2025� 5� 19� 발효� 셸프 등록� 관련된 이전 보고 외에� 다른 이해관계자 거래가 공개되지 않았습니�.

Xtant Medical Holdings (XTNT) a déposé un formulaire 8-K annonçant des changements importants au sein du conseil d'administration à compter du 1er août 2025. La société d'investissement Nantahala Capital, désormais propriétaire bénéficiaire de 49,1 % des actions en circulation de XTNT, a demandé et obtenu la nomination de Abhinav “Abi� Jain et Tyler Lipschultz en tant qu'administrateurs indépendants. Jain rejoint les comités de rémunération et de nomination & gouvernance ; Lipschultz intègre les comités d'audit et de rémunération.

Jain, analyste chez Nantahala depuis 2019, apporte une expérience en crédit structuré et en technologie médicale, et siège actuellement dans deux conseils d'administration pharmaceutiques cotés au NASDAQ. Lipschultz apporte 35 ans de leadership opérationnel dans les domaines de l'orthobiologie et de la colonne vertébrale (LocateBio, Orthofix, SeaSpine, NuVasive).

Parallèlement à ces nominations, les administrateurs Robert McNamara et Lori Mitchell-Keller ont démissionné ; la société précise que ces départs ne résultent pas de désaccords mais reflètent un accord verbal avec Nantahala concernant la composition du conseil. Les deux nouveaux administrateurs recevront la rémunération standard des administrateurs non salariés et ont signé l'accord d'indemnisation habituel de XTNT (Exhibit 10.1).

Aucune autre transaction avec des parties liées n'a été divulguée, hormis l'achat précédemment rapporté en avril 2025 par Nantahala de 57 millions d'actions à 0,42 $ et l'enregistrement shelf associé, effectif depuis le 19 mai 2025.

Xtant Medical Holdings (XTNT) reichte ein Formular 8-K ein, das bedeutende Änderungen im Vorstand ab dem 1. August 2025 ankündigt. Die Investmentfirma Nantahala Capital, die nun wirtschaftlicher Eigentümer von 49,1 % der ausstehenden XTNT-Aktien ist, beantragte und erreichte die Ernennung von Abhinav „Abi� Jain und Tyler Lipschultz als unabhängige Direktoren. Jain wird Mitglied der Vergütungs- sowie der Nominierungs- und Governance-Ausschüsse; Lipschultz tritt den Prüfungs- und Vergütungsausschüssen bei.

Jain, seit 2019 Analyst bei Nantahala, bringt Erfahrung im Bereich strukturierter Kredite und Medizintechnik mit und sitzt derzeit in zwei pharmazeutischen NASDAQ-gelisteten Vorständen. Lipschultz verfügt über 35 Jahre operative Führungserfahrung in Orthobiologie und Wirbelsäulenbereich (LocateBio, Orthofix, SeaSpine, NuVasive).

Parallel zu den Neuberufungen traten die Direktoren Robert McNamara und Lori Mitchell-Keller zurück; das Unternehmen erklärt, dass die Abgänge nicht auf Meinungsverschiedenheiten zurückzuführen seien, sondern eine mündliche Vereinbarung mit Nantahala zur Vorstandszusammensetzung widerspiegeln. Beide neuen Direktoren erhalten die übliche Vergütung für nicht angestellte Direktoren und haben die übliche Entschädigungsvereinbarung von XTNT unterzeichnet (Anlage 10.1).

Weitere Geschäfte mit nahestehenden Parteien wurden nicht offengelegt, abgesehen vom zuvor gemeldeten Kauf von 57 Millionen Aktien durch Nantahala im April 2025 zu 0,42 USD und der damit verbundenen Shelf-Registrierung, die am 19. Mai 2025 in Kraft trat.

Positive
  • Addition of two directors with deep financial and orthobiologics expertise enhances board skill set.
  • Committee coverage strengthened as appointments immediately fill Audit, Compensation, and Governance roles.
Negative
  • Nantahala controls 49.1 % of shares and effectively installs two nominees, increasing concentration risk.
  • Resignations of two directors reduce legacy independent oversight and may signal shifting power dynamics.

Insights

TL;DR � Board refresh strengthens expertise but heightens single-shareholder influence.

The appointment of two highly qualified directors deepens audit, compensation and biotech domain skills. However, both nominees are tied to Nantahala, which now controls almost half the equity. While management asserts no formal governance agreement exists, effective influence shifts toward a single investor, raising potential minority-shareholder and independence concerns. The concurrent resignation of two incumbent directors maintains board size but reduces legacy oversight. Overall governance impact is mixed.

TL;DR � Operational know-how added; control risk roughly offsets benefit.

Lipschultz’s decades of spine-biologics operating experience could aid product strategy and M&A evaluation, which I view as a modest strategic positive. Jain offers capital-allocation insight aligned with the new 49 % holder. Yet Nantahala’s growing sway may limit strategic optionality for other shareholders. The 8-K contains no financial metrics; therefore near-term valuation impact should be limited, but governance perception could influence discount rate. I classify market impact as neutral.

Xtant Medical Holdings (XTNT) ha presentato un modulo 8-K annunciando importanti cambiamenti nel consiglio di amministrazione a partire dal 1° agosto 2025. La società di investimento Nantahala Capital, ora proprietaria effettiva del 49,1% delle azioni in circolazione di XTNT, ha richiesto e ottenuto la nomina di Abhinav “Abi� Jain e Tyler Lipschultz come direttori indipendenti. Jain entra a far parte dei comitati per la remunerazione e per la nomina e la governance; Lipschultz si unisce ai comitati di revisione e remunerazione.

Jain, analista presso Nantahala dal 2019, porta esperienza negli investimenti in credito strutturato e tecnologia medica e attualmente siede in due consigli di amministrazione di aziende farmaceutiche quotate al NASDAQ. Lipschultz apporta 35 anni di esperienza nella leadership operativa nei settori ortobiologici e della colonna vertebrale (LocateBio, Orthofix, SeaSpine, NuVasive).

Contestualmente alle nuove nomine, i direttori Robert McNamara e Lori Mitchell-Keller hanno rassegnato le dimissioni; la società precisa che le uscite non sono dovute a disaccordi, ma riflettono un accordo verbale con Nantahala sulla composizione del consiglio. Entrambi i nuovi direttori riceveranno la normale remunerazione prevista per i direttori non dipendenti e hanno firmato il consueto accordo di indennizzo di XTNT (Allegato 10.1).

Non sono state divulgate altre transazioni con parti correlate oltre all'acquisto precedentemente riportato di 57 milioni di azioni da parte di Nantahala ad aprile 2025 al prezzo di 0,42 dollari per azione e alla relativa registrazione shelf, efficace dal 19 maggio 2025.

Xtant Medical Holdings (XTNT) presentó un formulario 8-K anunciando cambios significativos en su junta directiva con vigencia a partir del 1 de agosto de 2025. La firma de inversión Nantahala Capital, ahora propietaria beneficiaria del 49,1% de las acciones en circulación de XTNT, solicitó y logró la designación de Abhinav “Abi� Jain y Tyler Lipschultz como directores independientes. Jain se incorpora a los comités de compensación y de nominaciones y gobernanza; Lipschultz se une a los comités de auditoría y compensación.

Jain, analista en Nantahala desde 2019, aporta experiencia en inversiones en crédito estructurado y tecnología médica, y actualmente forma parte de dos juntas farmacéuticas listadas en NASDAQ. Lipschultz aporta 35 años de liderazgo operativo en ortobiología y columna vertebral (LocateBio, Orthofix, SeaSpine, NuVasive).

Simultáneamente a estas incorporaciones, los directores Robert McNamara y Lori Mitchell-Keller renunciaron; la empresa indica que estas salidas no se debieron a desacuerdos, sino que reflejan un acuerdo verbal con Nantahala sobre la composición de la junta. Ambos nuevos directores recibirán la compensación estándar para directores no empleados y han firmado el acuerdo habitual de indemnización de XTNT (Anexo 10.1).

No se divulgaron otras transacciones con partes relacionadas además de la compra previamente reportada en abril de 2025 por Nantahala de 57 millones de acciones a $0.42 y el registro shelf asociado, efectivo desde el 19 de mayo de 2025.

Xtant Medical Holdings(XTNT)� 2025� 8� 1일부� 중요� 이사� 변� 사항� 발표하는 8-K 보고서를 제출했습니다. 투자 회사 Nantahala Capital은 현재 XTNT 발행 주식� 49.1%� 실질적으� 소유하고 있으�, Abhinav “Abi� JainTyler Lipschultz� 독립 이사� 임명� 것을 요청하고 승인받았습니�. Jain은 보상위원� � 지명·거버넌� 위원회에 합류하며, Lipschultz� 감사위원� � 보상위원회에 합류합니�.

2019년부� Nantahala에서 애널리스트로 활동� Jain은 구조� 신용 � 의료기술 투자 경험� 보유하고 있으� 현재 NASDAQ 상장 제약� � 곳의 이사회에 참여하고 있습니다. Lipschultz� LocateBio, Orthofix, SeaSpine, NuVasive 등에� 35년간 정형생물� � 척추 분야 운영 리더십을 제공합니�.

신임 이사 임명� 동시� Robert McNamaraLori Mitchell-Keller 이사가 사임했으�, 회사� 이들� 퇴임� 의견 차이 때문� 아니� Nantahala왶� 구두 합의� 따른 이사� 구성 변경임� 밝혔습니�. � 신임 이사� 표준 비임� 이사 보수� 받고 XTNT� 일반적인 면책 계약�(첨부 10.1)� 서명했습니다.

2025� 4� Nantahala가 0.42달러� 5,700� 주를 매입하고 2025� 5� 19� 발효� 셸프 등록� 관련된 이전 보고 외에� 다른 이해관계자 거래가 공개되지 않았습니�.

Xtant Medical Holdings (XTNT) a déposé un formulaire 8-K annonçant des changements importants au sein du conseil d'administration à compter du 1er août 2025. La société d'investissement Nantahala Capital, désormais propriétaire bénéficiaire de 49,1 % des actions en circulation de XTNT, a demandé et obtenu la nomination de Abhinav “Abi� Jain et Tyler Lipschultz en tant qu'administrateurs indépendants. Jain rejoint les comités de rémunération et de nomination & gouvernance ; Lipschultz intègre les comités d'audit et de rémunération.

Jain, analyste chez Nantahala depuis 2019, apporte une expérience en crédit structuré et en technologie médicale, et siège actuellement dans deux conseils d'administration pharmaceutiques cotés au NASDAQ. Lipschultz apporte 35 ans de leadership opérationnel dans les domaines de l'orthobiologie et de la colonne vertébrale (LocateBio, Orthofix, SeaSpine, NuVasive).

Parallèlement à ces nominations, les administrateurs Robert McNamara et Lori Mitchell-Keller ont démissionné ; la société précise que ces départs ne résultent pas de désaccords mais reflètent un accord verbal avec Nantahala concernant la composition du conseil. Les deux nouveaux administrateurs recevront la rémunération standard des administrateurs non salariés et ont signé l'accord d'indemnisation habituel de XTNT (Exhibit 10.1).

Aucune autre transaction avec des parties liées n'a été divulguée, hormis l'achat précédemment rapporté en avril 2025 par Nantahala de 57 millions d'actions à 0,42 $ et l'enregistrement shelf associé, effectif depuis le 19 mai 2025.

Xtant Medical Holdings (XTNT) reichte ein Formular 8-K ein, das bedeutende Änderungen im Vorstand ab dem 1. August 2025 ankündigt. Die Investmentfirma Nantahala Capital, die nun wirtschaftlicher Eigentümer von 49,1 % der ausstehenden XTNT-Aktien ist, beantragte und erreichte die Ernennung von Abhinav „Abi� Jain und Tyler Lipschultz als unabhängige Direktoren. Jain wird Mitglied der Vergütungs- sowie der Nominierungs- und Governance-Ausschüsse; Lipschultz tritt den Prüfungs- und Vergütungsausschüssen bei.

Jain, seit 2019 Analyst bei Nantahala, bringt Erfahrung im Bereich strukturierter Kredite und Medizintechnik mit und sitzt derzeit in zwei pharmazeutischen NASDAQ-gelisteten Vorständen. Lipschultz verfügt über 35 Jahre operative Führungserfahrung in Orthobiologie und Wirbelsäulenbereich (LocateBio, Orthofix, SeaSpine, NuVasive).

Parallel zu den Neuberufungen traten die Direktoren Robert McNamara und Lori Mitchell-Keller zurück; das Unternehmen erklärt, dass die Abgänge nicht auf Meinungsverschiedenheiten zurückzuführen seien, sondern eine mündliche Vereinbarung mit Nantahala zur Vorstandszusammensetzung widerspiegeln. Beide neuen Direktoren erhalten die übliche Vergütung für nicht angestellte Direktoren und haben die übliche Entschädigungsvereinbarung von XTNT unterzeichnet (Anlage 10.1).

Weitere Geschäfte mit nahestehenden Parteien wurden nicht offengelegt, abgesehen vom zuvor gemeldeten Kauf von 57 Millionen Aktien durch Nantahala im April 2025 zu 0,42 USD und der damit verbundenen Shelf-Registrierung, die am 19. Mai 2025 in Kraft trat.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2025

 

Commission File Number: 001-41263

 

Anghami Inc.

(Exact name of registrant as specified in its charter)

 

16th Floor, Al-Khatem Tower, WeWork Hub71
Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi, United Arab Emirates

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒      Form 40-F ☐

 

 

 

 

 

 

Reverse Split

 

As previously reported by Anghami Inc. (the “Company”), at the reconvened Extraordinary General Meeting held on July 22, 2025, the Company’s shareholders approved the 1-for-10 reverse stock split of all of its issued and outstanding, and authorized but unissued, ordinary shares (the “Reverse Stock Split”).

 

On August 1, 2025, the Company’s Board of Directors, acting pursuant to the approval by the Company’s shareholders, implemented the Reverse Stock Split effective following the close of trading on the Nasdaq Capital Market by sending notice to the Registrar of Companies of the Cayman Islands which served as an effective amendment to the Company’s Amended and Restated Memorandum and Articles of Association (the “Memorandum Amendment”). Pursuant to the Memorandum Amendment, the authorized share capital remains $215,000 and is now divided into 215,000,000 ordinary shares, and the par value of the ordinary shares has increased from $0.0001 per share to $0.001 per share. As a result of the Reverse Stock Split, every ten issued and outstanding ordinary shares was combined into one issued and outstanding ordinary share. Shareholders will not receive fractional shares; instead, cash payments will be made in lieu of any fractional shares.

 

The Reverse Stock Split became effective after the close of business on August 1, 2025, and the Company’s ordinary shares will begin trading on a Reverse Stock Split-adjusted basis on the Nasdaq Capital Market under the existing ticker symbol “ANGH” at the market open on August 4, 2025. After the Reverse Stock Split, the trading symbol for the Company’s ordinary shares will continue to be “ANGH.” The new CUSIP number for the Company’s ordinary shares is G0369L200.

 

The foregoing descriptions of the Memorandum Amendment is a summary of the material terms of the Memorandum Amendment and does not purport to be complete and is qualified in its entirety by reference to the Memorandum Amendment, which is attached hereto as Exhibit 99.1.

 

Adjustments to Warrants

 

In connection with the Reverse Split, the Company issued a notice (the “Warrant Adjustment Notice”) to holders of its warrants to purchase ordinary shares (the “Warrants”). In the Warrant Adjustment Notice, the Company notified Continental Stock Transfer & Trust Company, as the warrant agent (the “Warrant Agent”), and the Warrant holders that the Company has made the following adjustments to its outstanding Warrants, effective after the close of trading on August 1, 2025:

 

the number of ordinary shares issuable upon the exercise of each pre-Reverse Stock Split Warrant to purchase one ordinary share will decrease proportionately to the Reverse Stock Split ratio, resulting in each such Warrant being exercisable for 1/10th of an ordinary share following the Reverse Stock Split; and

 

the exercise price of each post-Reverse Stock Split Warrant to purchase one whole post-Reverse Stock Split ordinary share will be proportionately increased ten-fold (relative to a pre-Reverse Stock Split Warrant to purchase one pre-Stock Share Stock ordinary share), to $115.00 per post-Reverse Stock Split ordinary share.

 

The Warrant Adjustment Notice was provided by the Company pursuant to the terms of the Warrant Agreement, dated August 6, 2020 (the “Warrant Agreement”), by and between the Company (as successor to Vistas Media Acquisition Company Inc.) and Warrant Agent, as amended by that certain Assignment, Assumption and Amendment Agreement, dated as of February 3, 2022.

 

In accordance with the terms of the Warrant Agreement, the Company will not issue fractional shares upon exercise of Warrants. Any exercise of Warrants that would result in a Warrant holder receiving, upon the exercise of such Warrant, a fractional interest in an ordinary share will be rounded down to the nearest whole number the number of ordinary shares to be issued to such holder. As a result, following the Reverse Split, Warrants should be exercised in multiples of ten Warrants to ensure that no fractional shares are issuable upon exercise of the Warrants.

 

The CUSIP number for the Warrants will remain G0369L119 and the trading symbol for the Warrants will continue to be “ANGHW” following the foregoing adjustments to the Warrants.

 

The foregoing descriptions of the Warrant Adjustment Notice is a summary of the material terms of the Warrant Adjustment Notice and does not purport to be complete and is qualified in its entirety by reference to the Warrant Adjustment Notice, which is attached hereto as Exhibit 99.2.

 

EXHIBIT INDEX

 

Exhibit   Description
99.1   Memorandum Amendment, dated August 1, 2025.
99.2   Warrant Adjustment Notice, effective August 1, 2025

 

1

 

 

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, thereto duly authorized.

 

  ANGHAMI INC.
     
Date: August 4, 2025 By: /s/ Elias Habib
  Name: Elias Habib
  Title: Chief Executive Officer

 

 

2

 

FAQ

What board changes did XTNT announce on 1 Aug 2025?

The company elected Abhinav Jain and Tyler Lipschultz as directors and accepted the resignations of Robert McNamara and Lori Mitchell-Keller.

Which committees will the new XTNT directors join?

Jain joins the Compensation and Nominating & Governance Committees; Lipschultz joins the Audit and Compensation Committees.

How much XTNT stock does Nantahala own?

Funds affiliated with Nantahala hold approximately 49.1 % of outstanding common shares after purchasing 57 m shares in April 2025.

Did the resigning XTNT directors cite disagreements?

No. XTNT states their resignations were not due to disagreements but aligned with an understanding on board composition.

Is there a formal agreement granting Nantahala governance rights?

XTNT says there is no agreement on board composition beyond the informal understanding noted in the filing.

What indemnification agreements were executed?

Each new director signed XTNT’s standard indemnification agreement, referenced as Exhibit 10.1.
Anghami

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