Chan Heng Fai Ambrose's Form 4 filing
Sharing Services Global Corp (SHRG) · filed Jan 28, 2025
- Accession no.
- 0001493152-25-004047
- Filed
- Jan 28, 2025, 9:36 PM ET
- Trade date
- Mar 18-Nov 12, 2024
- Filing delay
- 316 daysLate
- Rule 10b5-1 plan
- Not checked
This filing lists 6 derivative transactions. It was filed 316 days after the trade, past the 2-business-day deadline.
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 |
|---|---|
| Chan Heng Fai AmbroseCIK 0001261725 | Director, 10% Owner, Other: Executive Chairman |
| Alset Inc.CIK 0001750106 | 10% Owner |
| HWH International Inc.CIK 0001897245 | 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 |
|---|---|---|---|---|---|---|---|---|
| Mar 18, 2024 | Convertible Promissory Note | PPurchaseAcquired | +148,810 | $1.68F1 | +$250,000.8 | 148,810 | Indirect | |
| Mar 18, 2024 | Common Stock Purchase Warrant | PPurchaseAcquired | +148,810 | $1.68F1 | +$250,000.8 | 297,620 | Indirect | |
| May 9, 2024 | Convertible Promissory Note | PPurchaseAcquired | +89,286 | $2.80F2 | +$250,000.8 | 386,906 | Indirect | |
| Jun 6, 2024 | Convertible Promissory Note | PPurchaseAcquired | +89,286 | $2.80F3 | +$250,000.8 | 476,192 | Indirect | |
| Aug 13, 2024 | Convertible Promissory Note | PPurchaseAcquired | +35,714 | $2.80F4 | +$99,999.2 | 511,906 | Indirect | |
| Nov 12, 2024 | Convertible Promissory Note | PPurchaseAcquired | +2,500,000 | $0.10F5 | +$250,000 | 3,011,906 | Indirect |
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 March 18, 2024, the Issuer entered into a Convertible Promissory Note (the "March Note") promising to pay HWH International Inc., a Delaware corporation ("HWH"), $250,000.00. All amounts due under the March Note may be converted into the common stock of the Issuer at the discretion of the holder. The conversion price is fixed at $1.68 per share. The Issuer and HWH subsequently entered into an amendment to the March Note which set the term of the optional conversion feature of the March Note to be between March 25, 2025, and the maturity of the Note on the third anniversary of its effectiveness, March 18, 2027. As further consideration for the March Note, the Issuer granted HWH a common stock purchase warrant to purchase up to 148,810 shares of the Issuer's common stock at a purchase price of $1.68 per share.
Referenced by the price of 2 transactions in Table II.
- F2
On May 9, 2024, the Issuer entered into a Convertible Promissory Note (the "May Note") promising to pay HWH $250,000.00. All amounts due under the May Note may be converted into the common stock of the Issuer at the discretion of the holder. The conversion price is fixed at $2.80 per share. The Issuer and HWH subsequently entered into an amendment to the May Note which set the term of the optional conversion feature of the May Note to be between March 25, 2025, and the maturity of the Note on the third anniversary of its effectiveness, May 9, 2027.
Referenced by the price of 1 transaction in Table II.
- F3
On June 6, 2024, the Issuer entered into a Convertible Promissory Note (the "June Note") promising to pay HWH $250,000.00. All amounts due under the June Note may be converted into the common stock of the Issuer at the discretion of the holder. The conversion price is fixed at $2.80 per share. The Issuer and HWH subsequently entered into an amendment to the June Note which set the term of the optional conversion feature of the June Note to be between March 25, 2025, and the maturity of the Note on the third anniversary of its effectiveness, June 6, 2027.
Referenced by the price of 1 transaction in Table II.
- F4
On August 13, 2024, the Issuer entered into a Convertible Promissory Note (the "August Note") promising to pay HWH $100,000.00. All amounts due under the August Note may be converted into the common stock of the Issuer at the discretion of the holder. The conversion price is fixed at $2.80 per share. The Issuer and HWH subsequently entered into an amendment to the August Note which set the term of the optional conversion feature of the August Note to be between March 25, 2025, and the maturity of the Note on the third anniversary of its effectiveness, August 13, 2027.
Referenced by the price of 1 transaction in Table II.
- F5
On November 12, 2024, the Issuer entered into a Convertible Promissory Note (the "November Note") promising to pay Alset Inc., a Texas corporation, $250,000.00. All amounts due under the November Note may be converted into the common stock of the Issuer at the discretion of the holder. The conversion price is fixed at $0.10 per share. The Issuer and Alset Inc. subsequently entered into an amendment to the November Note which set the term of the optional conversion feature of the November Note to be between March 25, 2025, and the maturity of the Note on the second anniversary of its effectiveness, November 12, 2026.
Referenced by the price of 1 transaction in Table II.