Post by
Possibleidiot01 on Jul 08, 2022 7:42am
CEO estate planning
These are the details provided after the recent secondary offering so his exercise of options was 1.25 million at 50 cents and 450,000 at 39 cents .
He did not exercise the 200,000 options at $2.24 which do not expire until May 5, 2025.
Immediately subsequent to the Transaction, the Acquiror beneficially and directly owned and controlled 21,584,016 Shares, comprised of (i) 12,373,914 Shares held directly, (ii) 6,463,429 Shares held indirectly through Impactreneur, (iii) 450,000 Options held directly, each of which is exercisable into one Share at a price of $0.39 per Share until December 15, 2022, (iv) 1,250,000 Options held directly, each of which is exercisable into one Share at a price of $0.50 per Share until May 25, 2023, (v) 200,000 Options held directly, each of which is exercisable into one Share at a price of $2.24 per Share until May 5, 2025, (vi) 419,274 RSUs held directly, each of which entitles the holder to one Share upon release, (vii) 419,274 PSUs held directly, each of which entitles the holder to one Share upon release, and (viii) $75,000 principal amount of convertible debentures held indirectly through Impactreneur, convertible into Shares at a price of $9.23 per Share, or 8,125 Shares. Immediately subsequent to the Transaction, these Shares represented approximately 8.48% of the Issuer’s issued and outstanding Shares on a nondiluted basis and approximately 9.60% on a partiallydiluted bas