Xiaochun Xu - Jun 28, 2024 Form 4 Insider Report for ThermoGenesis Holdings, Inc. (THMO)

Signature
/s/ Xiaochun Xu
Stock symbol
THMO
Transactions as of
Jun 28, 2024
Transactions value $
$0
Form type
4
Date filed
7/9/2024, 07:02 PM
Previous filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THMO Common Stock Conversion of derivative security $3M +7.89M +177.8% $0.38 12.3M Jun 28, 2024 Held by Boyalife Group, Inc. F1

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 THMO Amendment 4 to 1st Amended & Restated Revolving Credit Agr. Conversion of derivative security -$3M $3.44M Jun 28, 2024 Common Stock 7.89M $0.38 Held by Boyalife Group, Inc. F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 28, 2024, Boyalife Group, Inc. converted an aggregate of $3,000,000 of the outstanding principal balance under a Third Amended and Restated Convertible Promissory Note issued by Issuer in April 2018, as amended. After giving effect to the conversion, as of the date of this Form 4, there was approximately $3,000,000 in principal and $441,000 in accrued interest outstanding under the Convertible Promissory Note, all of which is convertible at a current conversion price of $0.38 per share, subject to downward adjustment in the event that the Issuer issues shares of common stock at a lower price. Boyalife Group, Inc. is 100% owned by Dr. Xiaochun Xu.