Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | MWRK | Common Stock | 50K | Apr 21, 2023 | Red to Black Inc. | F1 | |||||
holding | MWRK | Common Stock | 138K | Apr 21, 2023 | Direct |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MWRK | Stock Options | Award | $182K | +2M | +86.96% | $0.09 | 4.3M | Apr 21, 2023 | Common Stock | 2M | $0.09 | Direct | F4 |
holding | MWRK | Stock Options | 100K | Apr 21, 2023 | Common Stock | 100K | $0.10 | Red to Black Inc. | F1, F2 | |||||
holding | MWRK | Stock Options | 2.3M | Apr 21, 2023 | Common Stock | 2.3M | $0.09 | Direct | F3 | |||||
holding | MWRK | Warrants | 250K | Apr 21, 2023 | Common Stock | 250K | $0.55 | Fogdog Energy Solutions Inc. | F5, F6, F7 |
Id | Content |
---|---|
F1 | Swapan Kakumanu has the sole power to vote or direct the vote, and to dispose or direct the disposition, of the shares held by Red to Black Inc |
F2 | The stock options vest as to 1/3 on October 15, 2018, 1/3 on October 15, 2019 and 1/3 on October 15, 2020. |
F3 | The options vest as to 50% on August 26, 2022 and 50% on August 26, 2023. |
F4 | The options vest on April 21, 2023. |
F5 | The warrants were issued to Fogdog Energy Solutions Inc. ("Fogdog") pursuant to a services agreement dated August 20, 2021 (the "Agreement") with Fogdog, whereby Fogdog will provide CurrencyWorks Inc. (the "Issuer") with free of charge access to the electricity power generated from any clean electricity power generation thermal units built and operated by Fogdog in Canada or the United States of America for a period of five (5) years from the date that the Issuer provides an advance of $850,000 to Fogdog (the "Loan") pursuant to a loan agreement with Fogdog dated August 20, 2021, provided that the Issuer is using such power to develop and operate cryptocurrency mining operations. |
F6 | The Warrants will vest and become exercisable only upon repayment in full of the Loan. |
F7 | Swapan Kakumanu is the chief financial officer and director of Fogdog and also owns 50% of the shares of Fogdog. |