Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | TRNR | Class A Common Stock | 3.02M | Apr 27, 2023 | See Footnotes | F1, F4, F5 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | TRNR | Warrants | Apr 27, 2023 | Class A Common Stock | 24K | See Footnotes | F2, F4, F5 | |||||||
holding | TRNR | Convertible Notes | Apr 27, 2023 | Class A Common Stock | See Footnotes | F3, F4, F5 |
Id | Content |
---|---|
F1 | Reflects shares of Class A common stock of the Issuer held by block.one Investments 1 ("Investments 1"). |
F2 | Reflects warrants to purchase shares of Class A common stock of the Issuer that were issued to Investments 1 on November 13, 2022 (the "Warrants"). The Warrants have an exercise price of $0.015 per share and expire at 5:00 p.m. Pacific Time on November 13, 2032 or such earlier date and time on which the Warrant ceases to be exercisable in accordance with the terms of the Warrant. The Warrants will be automatically deemed net exercised into a number of shares of Class A common stock of the Issuer upon the consummation of the Issuer's initial public offering ("IPO") determined by using the per-share offering price to the public as set forth in the Company's final prospectus. |
F3 | Reflects a convertible note of the Issuer with an aggregate principal amount of $1,146,276 that is convertible into shares of Class A common stock of the Issuer that were issued to Investments 1 on November 13, 2022 (the "Convertible Notes"). The Convertible Notes have a maturity date of November 13, 2023. The principal amount of the Convertible Notes together with accrued interest will be automatically converted into shares of Class A common stock of the Issuer upon the completion of the IPO based on the amount outstanding, if any, under such convertible notes, as of immediately prior to the completion of the IPO, divided by IPO price per share. |
F4 | Investments 1 is a wholly-owned subsidiary of block.one. Each of Kokuei Yuan and Andrew Bliss are directors of Investments 1. Each of Brendan Francis Blumer and Messrs. Yuan and Bliss are directors of block.one. |
F5 | Each Reporting Person disclaims beneficial ownership of the securities of the Issuer reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. |