4//SEC Filing
AMERI Holdings, Inc. 4
Accession 0000921895-17-000591
$ENVBCIK 0000890821operating
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 4:04 PM ET
Size
7.4 KB
Accession
0000921895-17-000591
Insider Transaction Report
Form 4
Rai Dhruwa N
Director
Transactions
- Purchase
8% Convertible Note due March 2020
2017-03-02$1000000.00/shFrom: 2017-03-02Exp: 2020-03-02→ Common Stock
Holdings
- 500,000
Common Stock
Footnotes (2)
- [F1]The Convertible Note bears interest at a rate of 8% per annum, with interest being paid annually on the first, second and third anniversaries of the issuance of the Convertible Note, beginning on March 2, 2018, and any unpaid principal and interest due on March 2, 2020. The unpaid amount of principal of the Convertible Note is convertible into shares of the Issuer's common stock at a conversion price of (i) in the event that any registration statement for the public offering of common stock filed by the Issuer with the U.S. Securities and Exchange Commission ("SEC") in connection with an uplisting to a national stock exchange is declared effective by the SEC on or prior to December 31, 2017, such price per share that is equal to 68% of the price per share of common stock offered and sold pursuant to such registration statement, or (continued)
- [F2](Footnote 1 Continuation) (ii) if no such registration statement is declared effective by December 31, 2017, such price per share that is equal to the weighted average closing price per share of the Issuer's common stock for the 20 trading days immediately preceding December 31, 2017, subject to adjustment under certain circumstances. From and after an event of default and for so long as the event of default is continuing, the Convertible Note will bear default interest at the rate of 10% per annum.
Documents
Issuer
AMERI Holdings, Inc.
CIK 0000890821
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000890821
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 4:04 PM ET
- Size
- 7.4 KB