Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | ISPC | Series B Preferred Stock | Jun 16, 2021 | Common Stock | 250K | Direct | F1, F2 | |||||||
holding | ISPC | Convertible Note | Jun 16, 2021 | Common Stock | 472K | $5.60 | Direct | F3 | ||||||
holding | ISPC | Bridge Note | Jun 16, 2021 | Common Stock | 119K | $5.60 | Direct | F4 |
Id | Content |
---|---|
F1 | Each share of preferred stock will automatically convert into shares of common stock upon the closing of the Issuer's initial public offering (the "IPO") and has no expiration date. |
F2 | Mr. George "Bud" Scholl is the President and Chief Executive Officer of OBF Investments, and therefore, may be deemed to hold voting and dispositive power of the securities held by OBF Investments. |
F3 | The Convertible Note has a maturity date of June 30, 2021 and will automatically convert into 472,183 shares common stock at $8.00 upon the closing of the IPO. |
F4 | The Bridge Note has a maturity date of June 30, 2021 and will automatically convert into 118,671 shares common stock at $8.00 upon the closing of the IPO. |