Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SUMR | Common Stock | Disposed to Issuer | -$117K | -9.71K | -100% | $12.00 | 0 | Jun 22, 2022 | Direct | F1 |
An Evelyn D. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
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F1 | This Form 4 reports shares of Common Stock disposed of pursuant to the Agreement and Plan of Merger, dated March 16, 2022, among Summer Infant, Inc. (the "Company"), Kids2, Inc. and Project Abacus Acquisition Corp., pursuant to which Project Abacus Acquisition Corp. merged into the Company effective on June 22, 2022 (the "Effective Time"), with the Company becoming a wholly owned subsidiary of Kids2, Inc. At the Effective Time, each issued and outstanding share of Common Stock was cancelled and converted into the right to receive $12.00 per share in cash, without interest thereon and subject to any required tax withholding. |