Key facts
- This page summarizes Alkiviades David's Form 4 filing for ARVANA INC (AVNI).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 25 Aug 2021, 16:42.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Shares, units, or other non-derivative securities reported in this filing.
Other
Additional SEC filing notes
Footnote F1
On July 23, 2021, proxies were granted in favor of Reporting Person, by extension or origination, over 28,488,336 shares of Issuer's common stock by Mr. Altaf Nazerali, two entities controlled by him and certain other stockholders of the Issuer, for a total of 31,118,506 shares or 91.13% of the total issued and outstanding common shares of Issuer under the voting control of Reporting Person. All proxies conveyed to Reporting Person are irrevocable by those who granted the proxies for fourteen (14) months subsequent to June 30, 2021.
Footnote F2
Voting control over the aforesaid common shares of the Issuer was granted to the Reporting Person to induce Reporting Person to cause an operating asset or business owned or controlled by Reporting Person to enter into a business transaction with the Issuer.
Footnote F3
Pursuant to Commission Rule 13d-3, the Reporting Person does not have legal title to the underlying common shares but may be considered for purposes of the Rule as the beneficial owner of securities over which he has voting power through the stated proxies.