Oskar Lewnowski - 30 Jun 2022 Form 4 Insider Report for Ivanhoe Electric Inc. (IE)

Role
Director
Signature
/s/ Oskar Lewnowski
Issuer symbol
IE
Transactions as of
30 Jun 2022
Net transactions value
-$16,427,945
Form type
4
Filing time
01 Jul 2022, 16:13:59 UTC
Previous filing
27 Jun 2022
Next filing
24 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IE Common Stock Conversion of derivative security +1,084,247 +28% 5,022,665 30 Jun 2022 By Orion Mine Finance Fund III LP F1, F2
transaction IE Common Stock Conversion of derivative security +590,441 +12% 5,613,106 30 Jun 2022 By Orion Mine Finance Fund III LP F1, F3

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 IE Series 1 Convertible Notes Conversion of derivative security $10,181,079 0 30 Jun 2022 Common Stock 1,084,247 $9.39 By Orion Mine Finance Fund III LP F1
transaction IE Series 2 Convertible Notes Conversion of derivative security $6,246,866 0 30 Jun 2022 Common Stock 590,441 $10.58 By Orion Mine Finance Fund III LP F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F2 Upon the consummation of an initial public offering that resulted in gross proceeds of at least $25 million (a "Qualifying IPO"), the Series 1 Convertible Notes, including any accrued but unpaid interest thereon, automatically converted 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 Series 2 Convertible Notes, including any accrued but unpaid interest thereon, automatically converted into shares of common stock at a price per share equal to 90% of the gross price per share at which common stock was sold in the offering.