Gerard Dab - Sep 27, 2022 Form 3 Insider Report for InnovaQor, Inc. (INQR)

Role
Director
Signature
/s/ Gerard Dab
Stock symbol
INQR
Transactions as of
Sep 27, 2022
Transactions value $
$0
Form type
3
Date filed
2/21/2023, 03:15 PM

No securities are beneficially owned.

Remarks:

Gerard Dab owns 200 shares of Series C-1 Convertible Redeemable Preferred Stock (the "Series C-1 Preferred Stock") of InnovaQor, Inc. The Series C-1 Preferred Stock has a stated value of $1,000 per share and is convertible into the number of shares of Common Stock determined by dividing the stated value of the shares being converted by the conversion price, which equals 90% of the average closing price of the Common Stock on the 10 trading days immediately prior to the conversion date. If the conversion date were September 26, 2022, the 200 shares of Series C-1 Preferred Stock would have been convertible into 11,724,168 shares of Common Stock, due to the 4.99% ownership blocker in the terms of the Series C-1 Preferred Stock. If there were no ownership blocker, the 200 shares of Series C-1 Preferred Stock would have been convertible into 36,133,694 shares of Common Stock as of September 26, 2022. Because the conversion price of the Series C-1 Preferred Stock is determined based on the market price of the Common Stock, the number of shares of Common Stock into which the Series C-1 Preferred Stock is convertible will fluctuate.