Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | XESP | Common Stock | 8.95M | Dec 22, 2023 | Direct | F1 |
Id | Content |
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F1 | The Reporting Person, Gregory Shockey, a service provider for the Issuer, originally acquired 50,000 shares of the Issuer's Common Stock in 2020. On Friday, December 22, 2023, the Issuer, Electronic Servitor Publication Network, Inc., entered into an Agreement and Plan of Merger with Pointward Inc. (the "Merger"). Pursuant to the terms of the Merger, Reporting Person, received 8,900,000 shares of the Issuer's Common Stock as a shareholder of Pointward Inc. The Merger was a cashless stock-for-stock exchange. Since Reporting Person previously owned 8,900,000 shares of common stock of Pointward Inc., Reporting Person received 8,900,000 shares of the Issuer's Common Stock as its shares of common stock of Pointward, Inc. were converted to 8,900,000 shares of the Issuer's Common Stock on a one-for-one basis. The closing price of the Issuer's Common Stock on the OTCQB was $0.1989 on December 22, 2023, the effective date of the Merger. |