Michael Hanh Cao - 31 Mar 2022 Form 3 Insider Report for Spine Injury Solutions, Inc (BTTC)

Signature
/s/ Michael Cao
Issuer symbol
BTTC
Transactions as of
31 Mar 2022
Net transactions value
$0
Form type
3
Filing time
06 Apr 2022, 14:15:39 UTC
Next filing
06 Jul 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
holding BTTC Series A Convertible Preferred Stock 31 Mar 2022 Common Stock 51,507,749 By Spouse F1, F2
holding BTTC Series A Convertible Preferred Stock 31 Mar 2022 Common Stock 128,769,372 By B&B Investment Holding LLC F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series A Convertible Preferred Stock has no expiration date and is automatically convertible into 53.97561 shares of common stock upon obtaining shareholder and regulatory approvals and the Issuer's filing a certificate of amendment to the certificate of incorporation authorizing a sufficient number of shares of common stock to permit a full conversion of all issued and outstanding Series A Preferred Stock. Each share of Series A Convertible Preferred Stock is entitled to receive dividends and vote on an "as converted" basis with the common stock.
F2 Based on 954,277 shares of Series A Convertible Preferred Stock owned by the Reporting Person's spouse.
F3 Based on 2,385,692 shares of Series A Convertible Preferred Stock owned by B&B Investment Holding LLC.
F4 The Reporting Person is the manager of B&B Investment Holding LLC, has voting control over shares owned by B&B Investment Holding LLC, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by B&B Investment Holding LLC, but disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.