4//SEC Filing
Ibex Investors LLC 4
Accession 0001104659-20-109032
CIK 0001487197other
Filed
Sep 24, 8:00 PM ET
Accepted
Sep 25, 9:46 PM ET
Size
16.4 KB
Accession
0001104659-20-109032
Insider Transaction Report
Form 4
Lazarus Management Co LLC
10% Owner
Transactions
- Other
Common Stock
2020-09-23$0.35/sh+1,285,714$450,000→ 4,285,714 total(indirect: By: Justin Borus) - Other
Warrant (right to buy)
2020-09-23+642,857→ 2,142,857 total(indirect: By: Justin Borus)Exercise: $0.45From: 2020-09-23Exp: 2023-04-15→ Common Stock (642,857 underlying)
Holdings
- 14,442,766(indirect: By: Ibex Microcap Fund LLLP)
Common Stock
- 3,000(indirect: By: Lazarus Macro Micro Partners LLLP)
Common Stock
LAZARUS INVESTMENT PARTNERS LLLP
10% Owner
Transactions
- Other
Common Stock
2020-09-23$0.35/sh+1,285,714$450,000→ 4,285,714 total(indirect: By: Justin Borus) - Other
Warrant (right to buy)
2020-09-23+642,857→ 2,142,857 total(indirect: By: Justin Borus)Exercise: $0.45From: 2020-09-23Exp: 2023-04-15→ Common Stock (642,857 underlying)
Holdings
- 14,442,766(indirect: By: Ibex Microcap Fund LLLP)
Common Stock
- 3,000(indirect: By: Lazarus Macro Micro Partners LLLP)
Common Stock
Lazarus Macro Micro Partners LLLP
10% Owner
Transactions
- Other
Common Stock
2020-09-23$0.35/sh+1,285,714$450,000→ 4,285,714 total(indirect: By: Justin Borus) - Other
Warrant (right to buy)
2020-09-23+642,857→ 2,142,857 total(indirect: By: Justin Borus)Exercise: $0.45From: 2020-09-23Exp: 2023-04-15→ Common Stock (642,857 underlying)
Holdings
- 14,442,766(indirect: By: Ibex Microcap Fund LLLP)
Common Stock
- 3,000(indirect: By: Lazarus Macro Micro Partners LLLP)
Common Stock
BORUS JUSTIN B
10% Owner
Transactions
- Other
Warrant (right to buy)
2020-09-23+642,857→ 2,142,857 total(indirect: By: Justin Borus)Exercise: $0.45From: 2020-09-23Exp: 2023-04-15→ Common Stock (642,857 underlying) - Other
Common Stock
2020-09-23$0.35/sh+1,285,714$450,000→ 4,285,714 total(indirect: By: Justin Borus)
Holdings
- 14,442,766(indirect: By: Ibex Microcap Fund LLLP)
Common Stock
- 3,000(indirect: By: Lazarus Macro Micro Partners LLLP)
Common Stock
Footnotes (4)
- [F1]This Form 4 is filed jointly by Ibex Investors LLC ("Ibex"), Justin B. Borus, Ibex Microcap Fund LLLP ("Ibex Microcap") and Lazarus Macro Micro Partners LLLP ("Macro Micro Partners", and together with Ibex Microcap, the "Funds"). Ibex is the investment adviser and general partner of the Funds and Mr. Borus is the manager of Ibex. Each of Ibex and Mr. Borus expressly disclaims beneficial ownership of the securities held by the Funds except to the extent of his or its pecuniary interest therein, if any. Each of the Funds expressly disclaims beneficial ownership of the securities held by the other Fund. [continued in footnote 2]
- [F2]Ibex and each of the Funds expressly disclaims beneficial ownership of the securities held by Mr. Borus. The filing of this Form 4 shall not be construed as an admission that any Reporting Person, for purposes of Section 16 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise, is the beneficial owner of any of the securities reported herein other than the securities held directly by such Reporting Person.
- [F3]Reference is made to the Form 4 filed by the Reporting Persons with respect to the Company on March 23, 2020 (the "Prior Form 4"). The Six Month Price (as defined in the Prior Form 4) has been determined, as of September 23, 2020, to be less than $0.35 per share. Accordingly, per the terms of the SPA (as defined in the Prior Form 4), automatically, and for no additional consideration: (1) Mr. Borus is entitled to an additional 1,285,714 shares of Common Stock (such that the blended price for the 3,000,000 shares reported in the Prior Form 4 and the additional 1,285,714 shares reported in this Form 4 is $0.35 per share); [continued in footnote 4]
- [F4](2) Mr. Borus is entitled to an additional 642,875 warrants to purchase Common Stock at an exercise price of $0.45 per share; and (3) the exercise price of the 1,500,000 warrants reported in the Prior Form 4 has been reset to $0.45 per share (all of the foregoing, the "Automatic Adjustments"). The Reporting Persons believe that the Automatic Adjustments are exempt from the provisions of Section 16(b) of the Exchange Act.
Documents
Issuer
BARFRESH FOOD GROUP INC.
CIK 0001487197
Entity typeother
IncorporatedCO
Related Parties
1- filerCIK 0001531964
Filing Metadata
- Form type
- 4
- Filed
- Sep 24, 8:00 PM ET
- Accepted
- Sep 25, 9:46 PM ET
- Size
- 16.4 KB