I-Pulse Inc. - Dec 24, 2022 Form 4 Insider Report for Ivanhoe Electric Inc. (IE)

Role
10%+ Owner
Signature
/s/ Sam Kenny
Stock symbol
IE
Transactions as of
Dec 24, 2022
Transactions value $
-$25,553
Form type
4
Date filed
12/28/2022, 04:20 PM
Previous filing
Dec 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IE Common Stock Conversion of derivative security -$25.6K -5.45K -0.06% $4.69 9.26M Dec 24, 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.