| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ARTH | Common Stock | Award | +109K | 109K | Jul 6, 2022 | By Drake Partners Equity LLC | F1, F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ARTH | Senior Secured Convertible Notes | Award | +36K | $36K | Jul 6, 2022 | Common Stock | 788K | Direct | F1, F3 | ||||
| transaction | ARTH | Warrants | Award | +724K | 724K | Jul 6, 2022 | Common Stock | 724K | $0.05 | Direct | F1, F4 |
| Id | Content |
|---|---|
| F1 | The shares of common stock, senior secured convertible notes (the "Notes") and warrants were issued to the Reporting Person in connection with a convertible note offering entered into by the Reporting Person and the Issuer (the "Offering"), which Offering was approved by the Issuer's Board of Directors and, in accordance with Rule 16b-3(d)(1) of the Exchange Act (the "Act"), is exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated thereunder. |
| F2 | As a managing member of Drake Partners Equity, LLC, the Reporting Person may be determined to have beneficial ownership of the shares reported herein. |
| F3 | The Notes become due and payable on January 6, 2024, bear interest at a rate of 10% per annum, are convertible at the option of the holder pursuant to certain provisions with an initial conversion price of $0.0457, contain customary events of default and are subject to certain beneficial ownership limitations. |
| F4 | Conversion of the warrants is subject to certain beneficial ownership limitations. |