AppYea, Inc. Terminates CEO Position in SleepX Ltd.

AppYea, Inc. (OTCMKTS:APYP) recently disclosed a significant alteration in its leadership structure. In a Form 8-K filed with the Securities and Exchange Commission on January 19, 2025, the company announced that SleepX Ltd., an Israeli company and fully-owned subsidiary of AppYea, Inc., had arrived at an agreement with Mr. Adi Shemer (“AS”) to terminate his role as Chief Executive Officer of AppYea, Inc. AS will continue to support both companies until April 19, 2025, with a non-officer responsibility primarily focusing on overseeing SleepX’s operational functions.

Following this development, Mr. Boris Molchadsky, the Chairman of AppYea, Inc., will assume the role of Chief Executive Officer within the company. These changes in the executive team signal a strategic shift for AppYea, Inc., indicative of the management’s direction moving forward.

The filing also included the necessary signatures by Asaf Porat, Chief Financial Officer of AppYea, Inc., on behalf of the registrant, in compliance with the regulations outlined by the Securities Exchange Act of 1934.

This corporate reorganization within AppYea, Inc. highlights a transitional phase for the company and underscores its commitment to adapting its leadership structure to meet evolving business requirements. Investors and stakeholders will be keen to observe how these internal changes influence the future trajectory of AppYea, Inc.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read AppYea’s 8K filing here.

About AppYea

AppYea, Inc, a digital health company, develops wearable monitoring solutions to treat sleep apnea and snoring. It develops AppySleep app, a wristband that monitors physiological parameters during sleep; AppySleep, a biofeedback snoring treatment wristband; AppySleep LAB, a smartphone medical application that monitors breathing patterns in the sleep and identify sleep arena episode without direct contact to the user; and AppySleep PRO a wristband for the treatment of sleep arena using biofeedback in combination with AppySleep LAB app.