CSE:ATMO - Post Discussion
Post by
lscfa on Jan 14, 2022 11:32pm
10% insider
SOL Global Investments Corp. (the “Acquiror”)
The requirement to file this report was triggered on December 20, 2021, when the Acquiror acquired 62,500 Common Shares on the CSE at an average price of CAD$2.618 per Common Share (the “Transaction”). Immediately prior to the Transaction, the Acquiror owned 6,164,000 Common Shares, representing approximately 8.34% of ATMO’s issued and outstanding Common Shares immediately prior to the completion of the Transaction on a non-diluted basis. Pursuant to the Transaction, the Acquiror acquired an additional 62,500 Common Shares, representing an increase to approximately 8.42% of ATMO’s issued and outstanding Common Shares immediately after the completion of the Transaction on a non-diluted basis. In addition, the Acquiror owns 1,299,999 Common Share purchase warrants (the “Warrants”). Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of USD$3.50 for a period of 24 months from the date of issuance. Assuming that all of the Warrants are each exercised for one Common Share, the Acquiror owned approximately 10.00% of the issued and outstanding Common Shares on a partially-diluted basis immediately after the completion of the Transaction.
Be the first to comment on this post