Tribeca Investment Partners Pty Ltd - 22 Feb 2024 Form 4 Insider Report for CLS Holdings USA, Inc. (CLSH)

Role
10%+ Owner
Signature
Ken Liu, Compliance Manager for Tribeca Investment Partners Pty Ltd
Issuer symbol
CLSH
Transactions as of
22 Feb 2024
Net transactions value
-$592,848
Form type
4
Filing time
07 May 2024, 20:15:42 UTC
Previous filing
19 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLSH Common Shares Sale $592,848 -13,174,402 -100% $0.0450 0 22 Feb 2024 Please refer to Footnotes F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CLSH Warrants Sale $0 -454,545 -100% $0.000000* 0 22 Feb 2024 Common Shares 454,545 $1.65 Please refer to Footnotes F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Tribeca Investment Partners Pty Ltd is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Immediately before the transaction, 13,174,402 Common Shares accounted for 9.57% of the total issued shares of the Issuer.
F2 This Form 4 is being filed by Tribeca Investment Partners Pty Ltd (Investment Manager) on behalf of itself and Tribeca Global Natural Resources Fund, Tribeca Global Natural Resources Limited, and Tribeca Segregated Portfolio Company on behalf and for the account Tribeca Global Natural Resources Segregated Portfolio (Funds). Tribeca Investment Partners Pty Ltd disclaims, for the purposes of Section 16 of the Securities Exchange Act of 1934, beneficial ownership of such securities, except to the extent of its indirect pecuniary interest therein, and this report shall not be deemed an admission that the Investment Manager, is the beneficial owner of such securities for the purposes of Section 16 or for any other purposes.
F3 On February 22, 2024 (Effective Date), the Investment Manager and the Issuer entered into a Redemption Agreement for the Investment Manager to dispose of 13,174,402 Common Shares, 454,548 Warrants expiring December 31, 2024, and certain Second Amended and Restated Unsecured Debentures held by the Funds (Transaction). The Transaction was completed subsequent to the Effective Date.