Key facts
- This page summarizes Sze Tang (albert) Li's Form 4 filing for FORMATION MINERALS, INC. (FOMI).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 08 Oct 2024, 17:23.
Sze Tang (albert) Li - 04 Oct 2024 Form 4 Insider Report for FORMATION MINERALS, INC. (FOMI)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- FOMI
- Reported as of
- 04 Oct 2024
- Net transaction value
- +$100,050
- SEC form
- 4
- Accepted by SEC
- 08 Oct 2024, 17:23:11 UTC
- Prior SEC filing
- 23 Sep 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Sze Tang (Albert) Li
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Sze Tang (albert) Li filed Form 4 for FORMATION MINERALS, INC. (FOMI) on 08 Oct 2024.
Change
- Previous filing in this sequence was filed on 23 Sep 2024.
- Current net transaction value: +$100,050.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
FOMI
transaction
Common Stock
Award
- Transaction value
- $100,050
- Shares
- +2,501,250
- Change %
- +9.3%
- Price
- $0.0400
- Shares after
- 29,385,250
- Date
- 04 Oct 2024
- Ownership
- Direct
- Footnotes
- F1
FOMI
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 500,000
- Date
- 04 Oct 2024
- Ownership
- Affluence Asset Holdings PTE. Ltd.
- Footnotes
- F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
SensaSure Technologies Inc., now known as Formation Minerals, Inc., a Nevada corporation (the "Issuer") previously received certain loans and advances from the Reporting Person in the amount of $100,050. Pursuant to that certain Conversion and Subscription Agreement (the " Conversion Agreement"), dated as of October 4, 2024, by and between the Reporting Person and the Issuer, the Issuer and the Reporting Person agreed to convert such indebtedness into shares of common stock, par value $0.01 per share ("Common Stock") of the Issuer. The Reporting Person received 2,501,250 shares of Common Stock, at a conversion price of $0.04, pursuant to the Conversion Agreement.
Footnote F2
The Reporting Person serves as the sole director, officer and beneficial owner of Affluence Asset Holdings PTE. Ltd. ("Affluence") and, accordingly, the Reporting Person may also be deemed to beneficially own the shares of Common Stock held directly by Affluence. The Reporting Person disclaims beneficial ownership of the shares of Common Stock held directly by Affluence except to the extent of the Reporting Person's pecuniary interest therein.