4//SEC Filing
RVUE HOLDINGS, INC. 4
Accession 0001078782-17-000085
CIK 0001455206operating
Filed
Jan 16, 7:00 PM ET
Accepted
Jan 17, 6:37 PM ET
Size
9.3 KB
Accession
0001078782-17-000085
Insider Transaction Report
Form 4
ACORN COMPOSITE Corp
10% Owner
Transactions
- Purchase
Convertible Note
2016-10-11$0.00/sh→ 77,277,970 totalExercise: $0.00→ Common Stock (77,277,970 underlying)
Holdings
- 143,176,276
Common Stock
- 5,833,333
Warrants
Exercise: $0.20From: 2012-07-24Exp: 2017-07-24→ Common Stock (5,833,333 underlying)
Footnotes (3)
- [F1]As reported in the Company's Current Report on Form 8-K filed with the SEC on October 18, 2016, on October 11, 2016, the Company executed documentation with Roche Enterprises, Ltd., a corporation formerly known as Acorn Composite Corp. and a major shareholder of the Company ("Roche Enterprises"), pursuant to which Roche Enterprises provided the Company with short-term bridge financing in the form of a Senior Secured Convertible Promissory Note in the principal amount of $201,000 (the "Convertible Note"). The Convertible Note contains a maturity date of December 1, 2016, subject to extension by Roche Enterprises, in its sole discretion, by up to an additional three months. The Convertible Note, as originally executed, contained a mutual mistake as to the correct conversion price of the outstanding balance of the note, should Roche Enterprises elect to convert it. (Continued in Footnote 2)
- [F2](Footnote 1 Continued) The Company and Roche Enterprises executed an amended and restated Convertible Note on December 28, 2016 containing the correct conversion price of $0.002601 per share, which is equal to the weighted average conversion price paid by Carebourn Capital, L.P. upon conversion of its promissory note into the equity securities of the Company during 2016. The number of shares of Common Stock issuable upon conversion of the amended and restated Convertible Note may increase to the extent that such conversion includes any accrued interest and fees with respect thereto.
- [F3]The Convertible Note is convertible into common stock at any time. The Convertible Note, as amended and restated on December 28, 2016, no longer contains a liquidation preference.
Documents
Issuer
RVUE HOLDINGS, INC.
CIK 0001455206
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001455206
Filing Metadata
- Form type
- 4
- Filed
- Jan 16, 7:00 PM ET
- Accepted
- Jan 17, 6:37 PM ET
- Size
- 9.3 KB