Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NANX | Common Stock | Conversion of derivative security | $2.02M | +10.1M | +51.69% | $0.20* | 29.6M | May 7, 2021 | Direct | F1, F2 |
holding | NANX | Common Stock | 601K | May 7, 2021 | By Grace Investments, LP | F3 | |||||
holding | NANX | Common Stock | 51.5K | May 7, 2021 | By daughter |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NANX | 2% Second Secured Convertible Note | Conversion of derivative security | -$404K | -2.02M | -100% | $0.20* | 0 | May 7, 2021 | Common Stock | 10.1M | $0.20 | Direct | F1, F2, F4, F5 |
Id | Content |
---|---|
F1 | Pursuant to the terms of the 2% Second Secured Convertible Note (the "Convertible Note"), the reporting person acquired: (i) 10,000,000 shares of Common Stock upon conversion of $2,000,000 in principal amount of the Convertible Note; and (ii) 95,555 shares of Common Stock upon the conversion of $19,111.11 of outstanding accrued and unpaid interest on the Convertible Note through May 7, 2021, the conversion exercise date. |
F2 | The principal and outstanding accrued and unpaid interest on the Convertible Note converted at a price of $.20 per share. |
F3 | As manager of INV-GP, LLC, Grace Investments, LP's General Partner, Bradford T. Whitmore is an indirect beneficial owner of 601,410 shares of Common Stock. |
F4 | Pursuant to the terms of the Convertible Note, conversion may be undertaken prior to the Convertible Note's maturity date. The reporting person elected to exercise his conversion right in full on May 7, 2021. |
F5 | The Convertible Note had a maturity date of May 15, 2024. |