Brian Weis - Jan 11, 2022 Form 4 Insider Report for AmeriCrew Inc. (ACRU)

Role
Chief Operating Officer, Director
Signature
/s/ Brian Weis
Stock symbol
ACRU
Transactions as of
Jan 11, 2022
Transactions value $
$0
Form type
4
Date filed
1/28/2022, 03:03 PM
Previous filing
Feb 14, 2022

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 ACRU Warrants Award +12.5K 12.5K Jan 11, 2022 Common Stock 12.5K $1.90 Direct F1
transaction ACRU Warrants Award +90K 90K Jan 11, 2022 Common Stock 90K $1.90 By New Jersey Tower, Inc. F2, F3
transaction ACRU Warrants Award +90K 90K Jan 11, 2022 Common Stock 90K $1.90 By RR Power Leasing, LLC F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to an Amended and Restated Consolidated Bridge Funding Promissory Note entered into by and among the Company's wholly-owned subsidiary, Americrew CE Services, LLC, and the lenders named therein including the Reporting Person, the Reporting Person was issued common stock purchase warrants of the Issuer as additional consideration for extending the due date of indebtedness payable to the Reporting Person.
F2 Pursuant to the Note Modification Agreement entered into between the Company's wholly-owned subsidiary, Mikab Corporation, and New Jersey Tower, Inc., an entity affiliated with the Reporting Person, the affiliated entity was issued common stock purchase warrants of the Issuer as additional consideration for extending the due date of indebtedness payable to the affiliated entity.
F3 The Reporting Person owns 20% of this entity.
F4 Pursuant to the Note Modification Agreement entered into between the Company's wholly-owned subsidiary, Americrew CE Services, LLC, and RR Power Leasing, LLC, an entity affiliated with the Reporting Person, the affiliated entity was issued common stock purchase warrants of the Issuer as additional consideration for extending the due date of indebtedness payable to the affiliated entity.
F5 The Reporting Person is the managing member of this entity and owns a 2% interest. A trust of which Mr. Weiss is one of two trustees owns 47% of this entity.