OBF Investments, LLC 3
3 · iSpecimen Inc. · Filed Jun 17, 2021
Insider Transaction Report
Form 3
iSpecimen Inc.ISPC
OBF Investments, LLC
10% Owner
Holdings
Bridge Note
Exercise: $5.60Exp: 2021-06-30→ Common Stock (118,671 underlying)Series B Preferred Stock
→ Common Stock (250,456 underlying)Convertible Note
Exercise: $5.60Exp: 2021-06-30→ Common Stock (472,183 underlying)
Footnotes (4)
- [F1]Each share of preferred stock will automatically convert into shares of common stock upon the closing of the Issuer's initial public offering (the "IPO") and has no expiration date.
- [F2]Mr. George "Bud" Scholl is the President and Chief Executive Officer of OBF Investments, and therefore, may be deemed to hold voting and dispositive power of the securities held by OBF Investments.
- [F3]The Convertible Note has a maturity date of June 30, 2021 and will automatically convert into 472,183 shares common stock at $8.00 upon the closing of the IPO.
- [F4]The Bridge Note has a maturity date of June 30, 2021 and will automatically convert into 118,671 shares common stock at $8.00 upon the closing of the IPO.