I-Pulse Inc. - 06 Oct 2022 Form 4 Insider Report for Ivanhoe Electric Inc. (IE)

Role: 10%+ Owner
Signature: /s/ Sam Kenny
Issuer symbol: IE
Transactions as of: 06 Oct 2022
Net transactions value: -$430,456
Form type: 4
Filing time: 11 Oct 2022, 19:03:33 UTC
Previous filing: 20 Sep 2022
Next filing: 01 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IE	Common Stock	Conversion of derivative security	$25,421	-5,417	-0.06%	$4.69	9,750,078	06 Oct 2022	Direct	F1
transaction	IE	Common Stock	Conversion of derivative security	$255,087	-54,356	-0.56%	$4.69	9,695,722	06 Oct 2022	Direct	F1
transaction	IE	Common Stock	Conversion of derivative security	$25,450	-5,423	-0.06%	$4.69	9,690,299	06 Oct 2022	Direct	F1
transaction	IE	Common Stock	Conversion of derivative security	$8,475	-1,806	-0.02%	$4.69	9,688,493	06 Oct 2022	Direct	F1
transaction	IE	Common Stock	Conversion of derivative security	$65,222	-13,898	-0.14%	$4.69	9,674,595	06 Oct 2022	Direct	F1
transaction	IE	Common Stock	Conversion of derivative security	$50,801	-10,825	-0.11%	$4.69	9,663,770	06 Oct 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Between August 3, 2021 and November 17, 2021, the reporting person issued convertible notes in the aggregate principal amount of $19,999,680 (the "I-Pulse Convertible Notes"). In accordance with their terms, certain of the holders of the I-Pulse Convertible Notes elected to exchange the I-Pulse Convertible Notes, including any accrued but unpaid interest, into shares of common stock of Ivanhoe Electric Inc. (the "Company") held by the reporting person at a price per share equal to the lesser of (A) 80% of the gross price per share at which common stock was sold in the qualifying IPO of the Company, and (B) $1.5643 per share of common stock, subject in each case to adjustment for any stock split, stock dividend, reverse stock split, or similar transactions.

Content

Between August 3, 2021 and November 17, 2021, the reporting person issued convertible notes in the aggregate principal amount of $19,999,680 (the "I-Pulse Convertible Notes"). In accordance with their terms, certain of the holders of the I-Pulse Convertible Notes elected to exchange the I-Pulse Convertible Notes, including any accrued but unpaid interest, into shares of common stock of Ivanhoe Electric Inc. (the "Company") held by the reporting person at a price per share equal to the lesser of (A) 80% of the gross price per share at which common stock was sold in the qualifying IPO of the Company, and (B) $1.5643 per share of common stock, subject in each case to adjustment for any stock split, stock dividend, reverse stock split, or similar transactions.