SOL Global Investments Corp. - Jul 6, 2021 Form 4/A - Amendment Insider Report for Simply, Inc. (SIMP)

Role
10%+ Owner
Signature
/s/ Andrew DeFrancesco
Stock symbol
SIMP
Transactions as of
Jul 6, 2021
Transactions value $
$800,000,000,000
Form type
4/A - Amendment
Date filed
9/1/2021, 05:16 PM
Date Of Original Report
Aug 24, 2021
Next filing
Sep 1, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SIMP Convertible Note Purchase $400B +400K +100% $1,000,000.00* 800K Jul 6, 2021 Common Stock 400K $2.50 Direct F1, F3, F4
transaction SIMP Warrants Purchase $400B +400K +100% $1,000,000.00* 800K Jul 6, 2021 Common Stock 400K $2.75 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 6, 2021, the Issuer executed an unsecured convertible note (the "Convertible Note") for the benefit of SOL Global Investment Corp. ("SOL"), entitling SOL to convert the principal amount of $1,000,000 and any accrued and unpaid interest under the Convertible Note into Common Stock at a conversion price of $2.50 per share. The Convertible Note matures on January 6, 2022.
F2 On July 6, 2021, the Issuer and SOL entered into a warrant agreement, granting SOL 400,000 warrants, which it may convert into up to 400,000 shares of Common Stock at an exercise price of $2.75 per share.
F3 The Form 4 filed on August 24, 2021 with respect to the transactions disclosed herein incorrectly provided "A" as the transaction code. The correct transaction code is "P", as provided in this amended Form 4.
F4 The aggregate consideration for the Convertible Note and the Warrant Agreement was $1,000,000.