Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LOWLF | Convertible Debenture of Indus Holding Company | Purchase | +216K | 216K | Aug 15, 2022 | Subordinate Voting Shares | 216K | $0.23 | See footnote | F1, F2, F3, F4 | |||
transaction | LOWLF | Warrants (right to buy) | Purchase | +216K | 216K | Aug 15, 2022 | Subordinate Voting Shares | 216K | $0.26 | See footnote | F3, F4 | |||
transaction | LOWLF | Warrants (right to buy Shares of Indus Holding Company) | Purchase | +324K | 324K | Aug 15, 2022 | Subordinate Voting Shares | 324K | $0.26 | See footnote | F3, F4 |
Id | Content |
---|---|
F1 | The principal amount of each convertible debenture is convertible into Class C Common Shares of Indus Holding Company ("Class C Common Shares") at $0.2313 per share. Class C Common Shares may be redeemed at the option of the holder for Subordinate Voting Shares of the issuer on a one-for-one basis in accordance with the certificate of incorporation of Indus Holding Company. Class C Common Shares may be redeemed at any time and have no expiration date. |
F2 | Interest accrues on the convertible debentures and is payable quarterly in arrears; any accrued and unpaid interest at the time of conversion of a convertible debenture is convertible into additional Class C Common Shares at $0.2313 per share. Accrued interest is not included in the underlying share numbers. |
F3 | The aggregate purchase price paid for the convertible debentures and warrants is $50,000. |
F4 | Held by Nicole Monat, Mr. Monat's wife. Mr. Monat disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. |