Novel Inspiration International Co., Ltd. - 19 Mar 2025 Form 3 Insider Report for IRIDEX CORP (IRIX)

Role
10%+ Owner
Signature
Novel Inspiration International Co., Ltd, By: /s/ Shih-Yao David Lin, Chief Executive Officer
Issuer symbol
IRIX
Transactions as of
19 Mar 2025
Net transactions value
$0
Form type
3
Filing time
08 Jan 2026, 16:29:57 UTC
Next filing
08 Jan 2026
SEC
View on sec.gov

Reporting Owners (2)

Name Relationship Address Signature Signature date CIK
Novel Inspiration International Co., Ltd. 10%+ Owner VISTRA CORPORATE SERVICES CENTER, WICKHAMS CAY II, ROAD TOWN, TORTOLA, VIRGIN ISLANDS, BRITISH Novel Inspiration International Co., Ltd, By: /s/ Shih-Yao David Lin, Chief Executive Officer 08 Jan 2026 0002097627
Lin Shih-Yao David 10%+ Owner VISTRA CORPORATE SERVICES CENTER, WICKHAMS CAY II, ROAD TOWN, TORTOLA, VIRGIN ISLANDS, BRITISH /s/ Shih-Yao David Lin 08 Jan 2026 0002098041

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
holding IRIX Series B Preferred Stock 19 Mar 2025 Common Stock 3,000,000 Direct F1, F2, F3, F4
holding IRIX Convertible Promissory Note 19 Mar 2025 Series B Preferred Stock 400,000 $10.00 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 3 is filed jointly by Novel Inspiration International Co., Ltd. ("Novel Inspiration") and Shih-Yao David Lin. Mr. Lin is the sole officer, director and stockholder of Novel Inspiration.
F2 Prior to the Issuer receiving certain required approval by the Issuer's stockholders (the "Requisite Stockholder Approval"), as of March 19, 2025, Novel Inspiration may only covert into 3,356,126 shares of Common Stock, which is the number of shares equal to 19.99% of the Issuer's total outstanding Common Stock on March 19, 2025. The Requisite Stockholder Approval was obtained on June 11, 2025 at the Issuer's 2025 annual meeting of stockholders.
F3 Novel Inspiration holds 600,000 shares of Series B Preferred Stock and a convertible promissory note that is convertible, at the option of Novel Inspiration, into 400,000 shares of Series B Preferred Stock. Each share of Series B Preferred Stock is convertible, at the option of Novel Inspiration, into five shares of Common Stock and has no expiration date.
F4 The securities are owned directly by Novel Inspiration.