Bonk appoints three new board members in strategic refresh

Bonk, Inc. (NASDAQ: BNKK) appointed three new board members as part of a strategic board refresh, the company announced. The new appointees are Connor Klein, an investment partner at New Form Capital; Stacey Duffy, a financial due diligence expert; and Jamie McAvity, co-founder and CEO of Bitcoin mining company Cormint, Inc.

Klein joined the board two weeks prior to the announcement, as disclosed in a Form 8-K filing. The appointments bring the board to seven members total, with four recent appointees creating what the company describes as a "Bonk-aligned majority."

Klein works as an investment partner at New Form Capital, focusing on financial infrastructure, real-world assets, and decentralized finance investments. He previously worked in investment banking at Morgan Stanley and at crypto payments startup Halliday. Duffy has experience in financial due diligence and transaction advisory services at firms including Alvarez & Marsal and KPMG. McAvity leads Cormint, which operates 130MW of Bitcoin mining capacity in Texas.

The board changes coincide with the resignations of Jordan Schur and Rich Pascucci from the board. Schur will continue serving as president of Bonk, Inc.

"Their collective expertise in DeFi, institutional finance, and scaling high-growth technology companies will be invaluable as we execute on our vision for BONK Holdings," said CEO Jarrett Boon in a statement.

The company states the appointments support its strategy centered around subsidiary BONK Holdings LLC, which focuses on acquiring revenue-generating assets within the decentralized finance space. Bonk, Inc. also operates a beverage division that holds the Sure Shot beverage patent and Yerbaé energy beverages.

The information is based on a company press release statement.

You May Also Be Interested In

• Correction: Kepler Cheuvreux Upgrades Siemens AG (SIE:GR) (SIEGY) to Hold
• Trump discloses over $1.4 billion in crypto income in 2025 filing
• Morgan Stanley Upgrades Galp Energia SGPS SA (GALP:LI) (GLPEF) to Overweight