Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SCOR | Common Stock | Award | +1.79K | +1.99% | 91.7K | May 16, 2022 | By Pereg Holdings, LLC | F1 | ||
holding | SCOR | Common Stock | 127K | May 16, 2022 | Direct |
Id | Content |
---|---|
F1 | On December 16, 2021 (the "Closing Date"), pursuant an Agreement and Plan of Merger (the "Merger Agreement") among the Company, Shareablee, Inc. and the other parties thereto, the Company acquired Shareablee. Pursuant to the Merger Agreement, $500,000 of the consideration for the transaction (the "Holdback Amount") was held by the Company pending finalization of certain purchase price adjustments. On May 16, 2022, in accordance with the Merger Agreement, Pereg Holdings, LLC received its share of the Holdback Amount in shares based on a price for the Company's common stock of $4.12, which was the same price used to determine the number of shares issued on the Closing Date. The issuance was approved by the Company's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934. |