J. Rex Farrior III - Jan 16, 2024 Form 4 Insider Report for Innoveren Scientific, Inc. (IVRN)

Role
10%+ Owner
Signature
/s/ J. Rex Farrior, III
Stock symbol
IVRN
Transactions as of
Jan 16, 2024
Transactions value $
$0
Form type
4
Date filed
1/18/2024, 04:17 PM
Previous filing
Feb 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IVRN COMMON STOCK Conversion of derivative security +13.2K +81.22% 29.4K Jan 16, 2024 See Footnote F1, F2

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 IVRN SERIES A PREFERRED STOCK Conversion of derivative security $0 -13.2M -89.99% $0.00 1.46M Jan 16, 2024 COMMON STOCK 13.2K See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Preferred Stock is convertible into common stock at a ratio of 1,000 Preferred for one common.
F2 Common stock held directly by FWHC Holdings, LLC (FHWC) and FWHC Bridge Friends, LLC (Bridge Friends), Series A preferred stock and warrants held directly by Bridge Friends. All held indirectly by HOA Capital LLC (HOA), the sole manager of FWHC and Bridge Friends, and J. Rex Farrior, III, the sole manager of HOA. Each of the reporting persons disclaims beneficial ownership of the securities except to the extent of its or his pecuniary interest therein.