White Knight Co., Ltd. - 06 Nov 2021 Form 4 Insider Report for WB Burgers Asia, Inc.

Role
10%+ Owner
Signature
Koichi Ishizuka, Chief Executive Officer
Issuer symbol
N/A
Transactions as of
06 Nov 2021
Net transactions value
-$2,869,565
Form type
4
Filing time
09 Nov 2021, 09:00:55 UTC
Previous filing
02 Sep 2021
Next filing
03 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WBBA Common Stock Sale $2,869,565 -14,347,826 -2.6% $0.2000* 537,987,224 06 Nov 2021 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 6, 2021, the largest controlling shareholder of WB Burgers Asia, Inc., White Knight Co., Ltd., a Japanese Company, owned and controlled by the sole officer and Director of WB Burgers Asia, Inc., Koichi Ishizuka, sold a total of 14,347,826 shares of restricted common stock of the issuer to a total of seven foreign shareholders. The Shares were sold pursuant to Regulation S of the Securities Act of 1933, as amended.

Remarks:

Following the aforementioned transaction(s), White Knight Co., Ltd. now owns 537,987,224 shares of common stock in WB Burgers Asia, Inc. White Knight Co., Ltd. also remains the owner of 1,000,000 shares of Preferred Series A Stock of the issuer. Every share of Series A Preferred Stock has super voting rights that allows for 1,000 votes for every vote of Common Stock. White Knight Co., Ltd. remains the majority controlling shareholder of WB Burgers Asia, Inc.