EdisonFuture, Inc. 4
4 · PHOENIX MOTOR INC. · Filed Sep 28, 2023
Insider Transaction Report
Form 4
EdisonFuture, Inc.
10% Owner
Transactions
- Sale
Common Stock
2023-09-26$1.02/sh−12,000,000$12,240,000→ 5,500,000 total
Footnotes (1)
- [F1]The purchase price of $12,240,000 was paid $40,000 in cash on September 26, 2023 and the balance of $12,200,000 was paid by delivery of a secured promissory note dated September 26, 2023, bearing interest at 3% per annum, with the full principal amount of $12,200,000 due at maturity in 3 years, or September 26, 2026. The shares were also pledged as collateral for the seller EdisonFuture's benefit under a Stock Pledge Agreement dated September 26, 2023.