Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | REII | Senior Convertible Promissory Note | Award | $5K | $10K | Dec 31, 2021 | Common Stock | 71.4K | $0.07 | Direct | F1, F2 | |||
transaction | REII | Common Stock Purchase Warrant | Award | $0 | +25K | +100% | $0.00 | 50K | Dec 31, 2021 | Common Stock | 25K | $0.10 | Direct | F3 |
Id | Content |
---|---|
F1 | The Reporting Person has the right to convert the outstanding and unpaid principal amount of the Note, or any portion of such principal amount, and any accrued interest, into shares of common stock of the Issuer at a per share conversion price of $0.07, subject to a 4.99% beneficial ownership limitation which may be waived by the Reporting Person upon 61 days' prior notice to the Issuer. |
F2 | Excludes shares of common stock issuable at the election of the Reporting Person upon conversion of accrued interest (both past and future) into shares of common stock. |
F3 | The Reporting Person has the right to exercise the Common Stock Purchase Warrant to purchase shares of common stock of the Issuer, to the extent vested, in whole or in part, at any time or from time to time, between the date of issuance of the Warrant and December 31, 2022 at a cash exercise price equal to $0.10 per share, subject to a 4.99% beneficial ownership limitation which may be waived by the Reporting Person upon 61 days' prior notice to the Issuer. |