Koichi Ishizuka - Aug 30, 2021 Form 4 Insider Report for WB Burgers Asia, Inc. (WBBA)

Signature
Koichi Ishizuka
Stock symbol
WBBA
Transactions as of
Aug 30, 2021
Transactions value $
$10,136
Form type
4
Date filed
9/17/2021, 01:27 PM
Previous filing
Aug 3, 2021
Next filing
Jan 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WBBA Common Stock Purchase $10.1K +101M +193.68% $0.00* 154M Aug 30, 2021 Direct F1
transaction WBBA Common Stock Other +500M +325.31% 654M Sep 14, 2021 By White Knight Co., Ltd. F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Denotes ownership held by Koichi and White Knight Co., Ltd. collectively. On September 14, 2021, the issuer entered into an "Acquisition Agreement" with White Knight Co., Ltd., whereas the issuer issued 500,000,000 shares of restricted common stock to White Knight Co., Ltd., in exchange for 100% of the equity interests of WB Burgers Japan Co., Ltd., a Japan Company.

Remarks:

White Knight Co., Ltd. is a Japan Company owned and controlled by Mr. Koichi Ishizuka. On August 30, 2021, White Knight Co., Ltd., sold 101,363,636 shares of restricted common stock of the issuer to Koichi Ishizuka. On September 14, 2021, the issuer entered into an "Acquisition Agreement" with White Knight Co., Ltd., whereas the issuer issued 500,000,000 shares of restricted common stock to White Knight Co., Ltd., in exchange for 100% of the equity interests of WB Burgers Japan Co., Ltd., a Japan Company. Collectivelly, White Knight Co., Ltd. and Koichi Ishizuka retain 1,000,000 shares of Series A Preferred Stock, and 653,698,686 shares of common stock as of September 21, 2021.