Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ERNA | 6.0% Senior Convertible Promissory Notes due 2028 | Purchase | $3.3M | $3.3M | Jul 13, 2023 | Common Stock | 1.15M | $2.86 | Direct | F1, F2 | |||
transaction | ERNA | Warrants (right to buy) | Purchase | $288K | +2.31M | $0.13* | 2.31M | Jul 13, 2023 | Common Stock | 2.31M | $2.61 | Direct | F1, F3 |
Id | Content |
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F1 | The reporting person entered into a Securities Purchase Agreement with the Issuer on July 13, 2023, pursuant to which, on July 14, 2023, the reporting person acquired (i) $3,300,000 principal amount of the Issuer's 6.0% Senior Convertible Promissory Notes due July 2028 (the "Notes") and (ii) 2,307,692 warrants, each exercisable to purchase one share of the Company's common stock, par value $0.005 per share ("Common Stock"), at an exercise price of $2.61 per share (the "Warrants"), representing 200% of the number of shares of Common Stock issuable upon conversion of the Notes immediately after the issuance thereof. The conversion price for each Note included $0.25 ($0.125 for each Warrant) in accordance with Nasdaq rules. |
F2 | The conversion of the Notes is subject to a 19.99% beneficial ownership limitation. |
F3 | The exercisability of the Warrants is subject to a 19.99% beneficial ownership limitation. |