| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | VERO | Common Stock, $0.0001 par value per share | Sale | -$207K | -172K | -100% | $1.20 | 0 | Jun 7, 2024 | By Marlin Fund, Limited Partnership. See footnote | F1 |
| transaction | VERO | Common Stock, $0.0001 par value per share | Sale | -$154K | -128K | -100% | $1.20 | 0 | Jun 7, 2024 | By Marlin Fund II, Limited Partnership.See footnote | F2 |
| transaction | VERO | Common Stock, $0.0001 par value per share | Sale | -$13.8K | -11.5K | -100% | $1.20 | 0 | Jun 7, 2024 | By Marlin Fund III, Limited Partnership. See footnote | F3 |
| transaction | VERO | Common Stock, $0.0001 par value per share | Sale | -$23.8K | -19.8K | -100% | $1.20 | 0 | Jun 7, 2024 | By Marlin Master Fund Offshore II, LP. See footnote | F4 |
| transaction | VERO | Common Stock, $0.0001 par value per share | Sale | -$1.79K | -1.49K | -100% | $1.20 | 0 | Jun 7, 2024 | By Masters Capital Management, LLC. See footnote | F5 |
| transaction | VERO | Common Stock, $0.0001 par value per share | Sale | -$65.9K | -53.9K | -17.58% | $1.22 | 253K | Jun 7, 2024 | By MSS VC SPV LP. See footnote | F6 |
| transaction | VERO | Common Stock, $0.0001 par value per share | Conversion of derivative security | $0 | +331K | $0.00 | 331K | Jun 10, 2024 | By Marlin Fund, Limited Partnership. See footnote | F1 | |
| transaction | VERO | Common Stock, $0.0001 par value per share | Conversion of derivative security | $0 | +263K | $0.00 | 263K | Jun 10, 2024 | By Marlin Fund II, Limited Partnership.See footnote | F2 | |
| transaction | VERO | Common Stock, $0.0001 par value per share | Conversion of derivative security | $0 | +24K | $0.00 | 24K | Jun 10, 2024 | By Marlin Fund III, Limited Partnership. See footnote | F3 | |
| transaction | VERO | Common Stock, $0.0001 par value per share | Conversion of derivative security | $0 | +49.3K | $0.00 | 49.3K | Jun 10, 2024 | By Marlin Master Fund Offshore II, LP. See footnote | F4 | |
| transaction | VERO | Common Stock, $0.0001 par value per share | Conversion of derivative security | $0 | +233K | +92.33% | $0.00 | 486K | Jun 11, 2024 | By MSS VC SPV LP. See footnote | F6 |
| transaction | VERO | Common Stock, $0.0001 par value per share | Sale | -$123K | -103K | -21.13% | $1.20 | 383K | Jun 11, 2024 | By MSS VC SPV LP. See footnote | F6 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | VERO | Voting Convertible Preferred Stock | Conversion of derivative security | -496K | -100% | 0 | Jun 10, 2024 | Common Stock, $0.0001 par value per share | 331K | See footnote | F1, F7, F8 | |||
| transaction | VERO | Voting Convertible Preferred Stock | Conversion of derivative security | -394K | -100% | 0 | Jun 10, 2024 | Common Stock, $0.0001 par value per share | 263K | See footnote | F2, F7, F8 | |||
| transaction | VERO | Voting Convertible Preferred Stock | Conversion of derivative security | -36K | -100% | 0 | Jun 10, 2024 | Common Stock, $0.0001 par value per share | 24K | See footnote | F3, F7, F8 | |||
| transaction | VERO | Voting Convertible Preferred Stock | Conversion of derivative security | -74K | -100% | 0 | Jun 10, 2024 | Common Stock, $0.0001 par value per share | 49.3K | See footnote | F4, F7, F8 | |||
| transaction | VERO | Voting Convertible Preferred Stock | Conversion of derivative security | -350K | -100% | 0 | Jun 11, 2024 | Common Stock, $0.0001 par value per share | 233K | See footnote | F6, F7, F8 |
| Id | Content |
|---|---|
| F1 | These securities are held in the account of Marlin Fund, Limited Partnership, a private fund managed by Masters Capital Management, LLC ("MCM"). These securities may be deemed to be beneficially owned by MCM by virtue of its role as the general partner of Marlin Fund, Limited Partnership, and Michael Masters by virtue of his role as the controlling founder and managing member of MCM. |
| F2 | These securities are held in the account of Marlin Fund II, Limited Partnership, a private fund managed by MCM. These securities may be deemed to be beneficially owned by MCM by virtue of its role as the general partner of Marlin Fund II, Limited Partnership, and Michael Masters by virtue of his role as the controlling founder and managing member of MCM. |
| F3 | These securities are held in the account of Marlin Fund III, Limited Partnership, a private fund managed by MCM. These securities may be deemed to be beneficially owned by MCM by virtue of its role as the general partner of Marlin Fund III, Limited Partnership, and Michael Masters by virtue of his role as the controlling founder and managing member of MCM. |
| F4 | These securities are held in the account of Marlin Master Fund Offshore II, LP, a private fund managed by MCM. These securities may be deemed to be beneficially owned by MCM by virtue of its role as the general partner of Marlin Master Fund Offshore II, LP, and Michael Masters by virtue of his role as the controlling founder and managing member of MCM. |
| F5 | These securities are held in the accounts of other clients advised by MCM. These securities may be deemed to be beneficially owned by MCM by virtue of its role as advisor to such accounts, and Michael Masters by virtue of his role as the controlling founder and managing member of MCM. |
| F6 | These securities are held in the account of MSS VC SPV LP, a private fund managed by Masters Special Situations, LLC ("MSS"). These securities may be deemed to be beneficially owned by MSS by virtue of its role as the investment manager of such private fund and as managing member of MSS VC SPV GP, LLC, the general partner of such private fund, and Michael Masters by virtue of his role as the controlling founder of MSS. |
| F7 | The Voting Convertible Preferred Stock has no expiration date. |
| F8 | Each share of voting convertible preferred stock, par value $0.0001 per share ("Voting Convertible Preferred Stock"), was converted into shares of the Issuer's Common Stock, $0.0001 par value per share, on a 1-for-10 basis at the holder's election, subject to the Issuer's 1-for-15 reverse stock split that was effected on May 15, 2023. |
As of June 11, 2024, the only Reporting Person with beneficial ownership of more than 10% of the Common Stock of the Issuer is Michael Masters. Each of the Reporting Persons disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.