4//SEC Filing
Stingray Group Inc. 4
Accession 0001104659-22-064525
CIK 0000923601other
Filed
May 24, 8:00 PM ET
Accepted
May 25, 10:45 AM ET
Size
17.4 KB
Accession
0001104659-22-064525
Insider Transaction Report
Form 4
Boyko Eric
Other
Transactions
- Award
Common Stock, $0.01 par value per share ("Common Shares")
2022-05-24$4.00/sh+100,000$400,000→ 322,223 total
Stingray Group Inc.
Other
Transactions
- Award
Common Stock, $0.01 par value per share ("Common Shares")
2022-05-24$4.00/sh+100,000$400,000→ 322,223 total
Footnotes (4)
- [F1]On May 24, 2022, Stingray Group Inc., a Canadian corporation ("Stingray"), purchased from the Issuer 100,000 Common Shares at a purchase price of $4.00 per Common Share in connection with the Issuer's registered public offering.
- [F2]In addition to Stingray, this Form 4 is being jointly filed by Eric Boyko, a Canadian citizen ("Boyko"). As of May 1, 2022, Boyko, indirectly, controlled approximately 57.45% of the combined voting power of Stingray's outstanding shares.
- [F3]After giving effect to the transactions reported on this Form 4, Stingray directly beneficially owns 322,223 Common Shares and 222,223 warrants to purchase Common Shares ("Warrants"). Boyko indirectly beneficially owns 322,223 Common Shares (excluding Warrants). The amounts herein reflect a 1-for-30 reverse stock split effected by the Issuer with respect to the Common Shares.
- [F4]Each reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of any securities covered by this statement. Boyko disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.
Issuer
SINGING MACHINE CO INC
CIK 0000923601
Entity typeother
IncorporatedCanada (Federal Level)
Related Parties
1- filerCIK 0001877714
Filing Metadata
- Form type
- 4
- Filed
- May 24, 8:00 PM ET
- Accepted
- May 25, 10:45 AM ET
- Size
- 17.4 KB