4//SEC Filing
Lee James Edward 4
Accession 0001104659-22-088090
CIK 0001833908other
Filed
Aug 8, 8:00 PM ET
Accepted
Aug 9, 6:45 PM ET
Size
9.0 KB
Accession
0001104659-22-088090
Insider Transaction Report
Form 4
Alfi, Inc.ALF
Lee James Edward
Director10% Owner
Transactions
- Award
Warrant (right to buy)
2022-08-05+375,000→ 375,000 total(indirect: See Footnote)Exercise: $1.51From: 2022-11-05Exp: 2025-08-05→ Common Stock (375,000 underlying) - Award
Convertible Note
2022-08-05$500000.00/sh(indirect: See Footnote)Exercise: $1.64From: 2022-11-05Exp: 2023-04-12→ Common Stock (305,811 underlying)
Footnotes (3)
- [F1]The Warrant and Convertible Note were issued to Lee Aerospace, Inc. pursuant to, and in connection with, Amendment No. 2 to Credit and Security Agreement between Alfi, Inc. (as borrower) and Lee Aerospace, Inc. (as lender), dated August 5, 2022.
- [F2]The Warrant and Convertible Note were issued to, and are held directly by, Lee Aerospace, Inc. James Lee, a director of Alfi, Inc., may be deemed to beneficially own securities held by Lee Aerospace, Inc. by virtue of his control over Lee Aerospace, Inc. Mr. Lee disclaims beneficial ownership of the Alfi, Inc. securities held by Lee Aerospace, Inc. other than to the extent of his pecuniary interest in such securities.
- [F3]Reflects the number of shares of the Issuer's common stock issuable upon conversion of the $500,000 principal amount of the Convertible Note. Interest on the unpaid principal amount of the Convertible Note accrues at an annual rate of 6% through October 12, 2022 and an annual rate of 9% thereafter, except that in event of default additional penalty interest at an annual rate of 3% will accrue on borrowings through October 12, 2022. Unpaid interest accrued on the Convertible Note is also convertible into shares of the Issuer's common stock
Documents
Issuer
Alfi, Inc.
CIK 0001833908
Entity typeother
Related Parties
1- filerCIK 0001850455
Filing Metadata
- Form type
- 4
- Filed
- Aug 8, 8:00 PM ET
- Accepted
- Aug 9, 6:45 PM ET
- Size
- 9.0 KB