Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | BRSF | Common Stock, $0.001 par value | 19.5M | Jun 15, 2022 | See Footnote | F1 | |||||
holding | BRSF | Common Stock, $0.001 par value | 12.8M | Jun 15, 2022 | See Footnote | F2 | |||||
holding | BRSF | Common Stock, $0.001 par value | 8.03M | Jun 15, 2022 | Direct | F3 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | BRSF | Common Stock Purchase Warrant | Jun 15, 2022 | Common Stock, $0.001 par value | 8.35M | $0.25 | See Footnote | F1, F4, F5 | ||||||
holding | BRSF | Common Stock Purchase Warrant | Jun 15, 2022 | Common Stock, $0.001 par value | 4.78M | $0.25 | See Footnote | F2, F4, F5 | ||||||
holding | BRSF | Common Stock Purchase Warrant | Jun 15, 2022 | Common Stock, $0.001 par value | 3.05M | $0.25 | Direct | F3, F4, F5 | ||||||
holding | BRSF | Common Stock Purchase Warrant | Jun 15, 2022 | Common Stock, $0.001 par value | 1.25M | $0.35 | Direct | F3, F6 |
Id | Content |
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F1 | The reported securities and warrants are owned directly by Manchester Explorer, L.P. ("Explorer") and may be deemed to be indirectly beneficially owned by (i) Manchester Management Company, LLC ("Manchester Management"), the general partner of Explorer, (ii) Manchester Management PR, LLC ("Manchester PR"), the investment adviser to Manchester Management, (iii) James E. Besser, the managing member of Manchester Management and Manchester PR, and (iv) Morgan Frank, who serves as a portfolio manager and as a consultant for Explorer. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Persons are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. |
F2 | The reported securities and warrants are owned directly by JEB Partners, L.P. ("JEB Partners") and may be deemed to be indirectly beneficially owned by (i) Manchester Management, the general partner of JEB Partners, (ii) Manchester PR, the investment adviser to Manchester Management, and (iii) James E. Besser, the managing member of Manchester Management and Manchester PR. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Persons are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. |
F3 | The reported securities and warrants are directly owned by James E. Besser in his personal capacity. |
F4 | The reported warrants are exercisable as of the issue date, subject to certain conditions. |
F5 | The reported warrants expire at 5:00pm E.D.T. on the fourth anniversary of the issue date, subject to certain conditions. |
F6 | The reported warrants are subject to a blocker provision that prevents James E. Besser from exercising the warrants if he would be more than a 4.99% beneficial owner of the Common Stock, $0.001 par value, following such exercise. The foregoing description of the warrant does not purport to be complete and is subject to and qualified in its entirety by reference to the Common Stock Purchase Warrant included as Exhibit 4.1 of the Issuer's 8-K filed on October 7, 2021, which is incorporated by reference. |