Jay B. Foreman - Nov 21, 2023 Form 4 Insider Report for SINGING MACHINE CO INC (MICS)

Role
Director, 10%+ Owner
Signature
/s/ Jay B Foreman
Stock symbol
MICS
Transactions as of
Nov 21, 2023
Transactions value $
$1,000,000
Form type
4
Date filed
11/24/2023, 05:44 PM
Previous filing
Jun 17, 2022
Next filing
Aug 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MICS Common Stock Purchase $1M +1.1M +3448.4% $0.91 1.13M Nov 21, 2023 By Regalia Ventures LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities were purchased by Regalia Ventures LLC ("Regalia"), an entity wholly owned by Mr. Foreman, pursuant to a Stock Purchase Agreement, dated as of November 20, 2023 (the "Purchase Agreement"). The transactions contemplated by the Purchase Agreement were consummated on November 21, 2023. Mr. Foreman is deemed to have voting and investment power with respect to the shares held of record by Regalia.
F2 Consists of 31,867 shares held directly by Mr. Foreman and 1,098,901 shares held directly by Regalia.

Remarks:

This Form 4 is the first of two Section 16 filings relating to the same event. A Form 3 will be filed by Regalia relating to the same event, and any subsequent Section 13 or Section 16 filings with respect to the securities of the Issuer will be filed jointly by Mr. Foreman and Regalia.