CFIC-2015 NV Family Investments, LLC - Aug 12, 2024 Form 3 Insider Report for NKGen Biotech, Inc. (NKGN)

Role
10%+ Owner
Signature
/s/ Mecky Wong, Manager of CFIC-2015 NV Family Investments, LLC
Stock symbol
NKGN
Transactions as of
Aug 12, 2024
Transactions value $
$0
Form type
3
Date filed
8/27/2024, 06:45 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NKGN Common Stock 2.08M Aug 12, 2024 See footnote 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
holding NKGN Convertible promissory note Aug 12, 2024 Common Stock 1.38M $2.00 See footnote F1, F3
holding NKGN Warrant Aug 12, 2024 Common Stock 2.75M $2.00 See footnote F1, F3
holding NKGN Option to buy Aug 12, 2024 Common Stock 2.08M See footnote F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 12, 2024, pursuant to a Securities Purchase Agreement dated August 7, 2024, CFIC-2015 NV Family Investments, LLC ("CFIC-2015") acquired from the Issuer a convertible promissory note in the aggregate principal amount of $2,750,000, a warrant to purchase 2,750,000 shares of Common Stock, and 2,083,333 shares of Common Stock as commitment shares. The conversion of the promissory note and the exercise of the warrant are subject to a beneficial ownership limitation and shareholder approval, as described in the respective promissory note and warrant.
F2 On August 7, 2024, CFIC-2015 entered into a Letter Agreement with the Issuer, whereby the Issuer agreed to issue up to 2,083,333 shares of Common Stock to CFIC-2015, upon the purchase by CFIC-2015 of the purchase by CFIC-2015 of up to $2,750,000 aggregate principal amount of convertible promissory notes upon the same terms and conditions as the Securities Purchase Agreement referenced in footnote (1).
F3 Andrew Cherng and Peggy Cherng together own 100% of the voting interests of CFIC-2015.