Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NEXT | Common Stock, $ 0.0001 par value | Exercise of in-the-money or at-the-money derivative security | +32.9K | +0.86% | 3.87M | May 24, 2022 | See note | F1, F6 | ||
transaction | NEXT | Common Stock, $ 0.0001 par value | Sale | -48 | 0% | 3.87M | May 24, 2022 | See note | F1, F2, F6 | ||
transaction | NEXT | Common Stock, $ 0.0001 par value | Exercise of in-the-money or at-the-money derivative security | +91.8K | +0.84% | 11M | May 24, 2022 | See note | F3, F6 | ||
transaction | NEXT | Common Stock, $ 0.0001 par value | Sale | -134 | 0% | 11M | May 24, 2022 | See note | F3, F4, F6 | ||
holding | NEXT | Common Stock, $ 0.0001 par value | 307K | May 24, 2022 | Direct | F5 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NEXT | Series B Warrants | Exercise of in-the-money or at-the-money derivative security | -32.9K | -100% | 0 | May 24, 2022 | Common Stock, $0.0001 par value | 32.9K | $0.01 | See note | F1, F6 | ||
transaction | NEXT | Series B Warrants | Exercise of in-the-money or at-the-money derivative security | -91.8K | -100% | 0 | May 24, 2022 | Common Stock, $0.0001 par value | 91.8K | $0.01 | See note | F2, F6 |
Id | Content |
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F1 | Pursuant to that certain Series B Warrant Agreement, dated as of May 24, 2019 (the "Series B Warrant Agreement"), Valinor Capital Partners, L.P. ("Valinor Capital") exercised a warrant to purchase 32,893 shares of the Issuer's common stock for $0.01 per share and paid the exercise price on a cashless basis, resulting in the Issuer withholding 48 shares from, and issuing 32,845 shares to, Valinor Capital. |
F2 | Represents shares directly held by Valinor Capital following the Series B Warrant exercise. |
F3 | Pursuant to the Series B Warrant Agreement, Valinor Capital Partners Offshore Master Fund, L.P. ("Valinor Capital Offshore") exercised a warrant to purchase 91,754 shares of the Issuer's common stock for $0.01 per share and paid the exercise price on a cashless basis, resulting in the Issuer withholding 134 shares from, and issuing 91,620 shares to, Valinor Capital Offshore. |
F4 | Represents shares directly held by Valinor Capital Offshore following the Series B Warrant exercise. |
F5 | Represents shares directly held by David Gallo. |
F6 | Valinor Management, L.P. ("Valinor Management") serves as investment manager to Valinor Capital and Valinor Capital Offshore. David Gallo is the Founder, Managing Partner and Portfolio Manager of Valinor Management and is the managing member of Valinor Associates, LLC ("Associates"), which serves as general partner to Valinor Capital and Valinor Capital Offshore. Each of Valinor Management, Associates and David Gallo may be deemed to beneficially own the securities held by Valinor Capital and Valinor Capital Offshore and disclaims beneficial ownership of the reported equity securities, except to the extent of its or his pecuniary interest. |
Exhibit 99.1 (Joint Filer Information) is incorporated herein by reference. This Form 4 is filed by Designated Filer Valinor Management LP.