SOL Global Investments Corp.'s Form 4/A amendment
AmendedSimply, Inc. (SIMP) · filed Sep 1, 2021
- Accession no.
- 0001062993-21-008106
- Filed
- Sep 1, 2021
- Trade date
- Jul 6, 2021
- Filing delay
- 57 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Aug 24, 2021
This filing lists 2 derivative transactions. It was filed 57 days after the trade.
This amendment replaces 0001062993-21-007921 (filed Aug 24, 2021).
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| SOL Global Investments Corp.CIK 0001710138 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
This filing has no transactions of this kind.
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jul 6, 2021 | Common Stock | PPurchaseAcquired | +400,000 | $1,000,000.00F4 | +$400,000,000,000 | 800,000 | Direct | Price outlier |
| Jul 6, 2021 | Common Stock | PPurchaseAcquired | +400,000 | $1,000,000.00F4 | +$400,000,000,000 | 800,000 | Direct | Price outlier |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
On July 6, 2021, the Issuer executed an unsecured convertible note (the "Convertible Note") for the benefit of SOL Global Investment Corp. ("SOL"), entitling SOL to convert the principal amount of $1,000,000 and any accrued and unpaid interest under the Convertible Note into Common Stock at a conversion price of $2.50 per share. The Convertible Note matures on January 6, 2022.
- F2
On July 6, 2021, the Issuer and SOL entered into a warrant agreement, granting SOL 400,000 warrants, which it may convert into up to 400,000 shares of Common Stock at an exercise price of $2.75 per share.
- F3
The Form 4 filed on August 24, 2021 with respect to the transactions disclosed herein incorrectly provided "A" as the transaction code. The correct transaction code is "P", as provided in this amended Form 4.
- F4
The aggregate consideration for the Convertible Note and the Warrant Agreement was $1,000,000.
Referenced by the price of 2 transactions in Table II.