Matthew Wilson Schwartz - 29 Nov 2022 Form 4 Insider Report for THERALINK TECHNOLOGIES, INC.

Role
Director
Signature
Matthew Wilson Schwartz
Issuer symbol
THER on OTC
Transactions as of
29 Nov 2022
Net transactions value
+$15,783
Form type
4
Filing time
26 Jan 2024, 18:17:03 UTC
Previous filing
26 Sep 2022
Next filing
08 Jul 2024

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 THER 10% O.I.D. Senior Secured Convertible Debenture Other $120,999 $120,999 29 Nov 2022 Common Stock 40,332,963 $0.003000 Direct F1, F2, F3, F4
transaction THER 8% Convertible Promissory Note Other $105,216 $0 29 Nov 2022 Common Stock 21,008,403 $0.004800 Direct F2
transaction THER Common Stock Purchase Warrant Other $0 +34,571,111 $0.000000 34,571,111 29 Nov 2022 Common Stock 34,571,111 $0.003000 Direct F1, F2, F3, F5
transaction THER Common Stock Purchase Warrant Other $0 +4,201,681 $0.000000 4,201,681 29 Nov 2022 Common Stock 4,201,681 $0.003000 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Assumes a fixed conversion price of $0.003, but such conversion price is subject to adjustment as set forth in the debenture and warrant, respectively.
F2 The Reporting Person was issued a 10% Original Issue Discount ("O.I.D.") Senior Secured Convertible Debenture in the principal amount of $120,998.89 and 34,571,111 warrants in exchange for the 8% Convertible Promissory Note in the principal amount of $105,216 previously issued to the Reporting Person.
F3 The debenture and warrants described in footnote 2 are subject to mandatory conversion upon the occurrence of certain events, as outlined in the debentures and warrants, respectively. The original maturity date of the debentures was subsequently extended to February 29, 2024.
F4 Excludes shares issuable at the election of the Reporting Person upon conversion of accrued interest (both past and future) into shares of common stock.
F5 Expiration Date in the event a Qualified Offering is not consummated prior to the maturity date of the debentures the Warrants are issued in connection with.
F6 In connection with the note exchange describe in footnote 2, the Reporting Person entered into an amendment to its previously issued Common Stock Purchase Warrant amending the exercise price to $0.003 (and subject to adjustment in the event of certain fundamental transactions described in the amended warrant).