Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ID | Warrant (Right to Purchase) | Award | +4.76M | 4.76M | Jul 13, 2023 | Class A Common Stock | 4.76M | $0.42 | Direct | F1 | |||
transaction | ID | Convertible Notes | Award | $750K | $2M | Jul 13, 2023 | Class A Common Stock | Direct | F2, F3 |
Id | Content |
---|---|
F1 | The warrants were received in consideration for the loans forwarded by Mr. Peker and which are evidenced by a convertible promissory note (the "Convertible Note"). |
F2 | The Convertible Note matures on July 13, 2024 (the "Maturity Date"). |
F3 | Upon the Issuer's sale and issuance of equity or equity-linked securities pursuant to which the Issuer receives aggregate gross proceeds of at least $10 million (a "Qualified Equity Financing") within 180 days of the transaction date, the Convertible Notes are mandatorily convertible into shares of such equity securities sold in the Qualified Equity Financing. Effective on the Maturity Date, if the Convertible Notes have not otherwise been repaid by the Issuer in accordance with the terms and conditions set forth therein, then at the option of the Reporting Person, the outstanding balance of the Convertible Note (including any accrued but unpaid interest thereon) (the "Note Amount") shall convert into that number of fully paid and nonassessable shares of the Company's Class A common stock at a conversion price equal to the respective Note Amount (as defined in the Convertible Note) divided by the Conversion Price (as defined in the Convertible Note). |