Finlayson Eric John - Jun 27, 2022 Form 3 Insider Report for Ivanhoe Electric Inc. (IE)

Role
President
Signature
/s/ Finlayson Eric John
Stock symbol
IE
Transactions as of
Jun 27, 2022
Transactions value $
$0
Form type
3
Date filed
6/27/2022, 04:50 PM
Next filing
Jul 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding IE Common Stock 10K Jun 27, 2022 Direct

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
holding IE Stock Option (right to buy) Jun 27, 2022 Common Stock 917K $2.49 Direct F1
holding IE Series 1 Convertible Notes Jun 27, 2022 Common Stock Direct F2
holding IE I-Pulse Convertible Notes Jun 27, 2022 Common Stock Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option becomes exercisable in four equal annual installments beginning on the option's grant date. The option was granted on June 30, 2021.
F2 Upon the consummation of an initial public offering that results in gross proceeds of at least $25 million (a "Qualifying IPO"), the Series 1 Convertible Notes, including any accrued but unpaid interest thereon, will automatically convert into shares of common stock at a price per share equal to the lesser of (A) 80% of the gross price per share at which common stock is sold in the Qualifying IPO, and (B) $9.39 per share of common stock, subject in each case to adjustment for any stock split, stock dividend, reverse stock split, or similar transactions.
F3 Upon the consummation of a Qualifying IPO, the I-Pulse Convertible Notes, including any accrued but unpaid interest, may be exchanged, in whole or in part, at the option of the holder, into shares of common stock currently held by I-Pulse at a price per share equal to the lesser of (A) 80% of the gross price per share at which common stock is sold in the Qualifying IPO, and (B) $1.5643 per share of common stock, subject in each case to adjustment for any stock split, stock dividend, reverse stock split, or similar transactions.