4//SEC Filing
Ng Frank 4
Accession 0001179110-19-009730
CIK 0001708341other
Filed
Aug 19, 8:00 PM ET
Accepted
Aug 20, 9:02 PM ET
Size
16.6 KB
Accession
0001179110-19-009730
Insider Transaction Report
Form 4
Ng Frank
DirectorCEO
Transactions
- Award
Common Stock
2019-08-09+117,647→ 117,647 total(indirect: By Spouse) - Award
Common Stock
2019-08-09+208,339→ 208,339 total - Award
Warrants
2019-08-09$11.50/sh+38,000$437,000→ 38,000 total(indirect: By Spouse)Exercise: $11.50From: 2019-09-09Exp: 2024-08-09→ Common Stock (38,000 underlying) - Award
Warrants
2019-08-09$11.50/sh+68,233$784,680→ 68,233 totalExercise: $11.50From: 2019-09-09Exp: 2024-08-09→ Common Stock (68,233 underlying)
Footnotes (5)
- [F1]The reporting person acquired 208,339 shares of issuer common stock in exchange for 208,339 shares of Allied Esports Media, Inc. ("AEM") previously held by the reporting person pursuant to AEM's merger with the issuer. Of the 208,339 shares issued to the reporting person in the merger, 20,834 shares are currently being held in escrow and are subject to forfeiture during the one-year period following the merger to satisfy claims arising as a result of AEM's breach of the merger agreement. Excludes 69,062 additional shares of the issuer's common stock that the reporting person, as a former shareholder of AEM, will be entitled to receive as additional consideration under the merger agreement if the last reported sales price of the issuer's Common Stock equals or exceeds $13.00 per share (as adjusted for stock splits, stock dividends, reorganizations, and recapitalizations) for any consecutive 30 calendar days during the 5-year period commencing on 9/9/19.
- [F2]The reporting person acquired warrants to purchase 68,233 shares of issuer common stock in exchange for 208,339 shares of AEM previously held by the reporting person pursuant to AEM's merger with the issuer. Of the 68,233 warrants issued to the reporting person in the merger, 6,823 shares are currently being held in escrow and are subject to forfeiture during the one-year period following the merger to satisfy claims arising as a result of AEM's breach of any of its representations and warranties or covenants in the merger agreement. The closing price of the warrants on August 9, 2019 was $0.02005 per warrant.
- [F3]117,647 shares will be issuable to Ms. Man Sha, the reporting person's spouse, upon conversion of the $1 million promissory note issued on or about May 17, 2019.
- [F4]The closing price of the shares on August 9, 2019 was $4.42 per share.
- [F5]38,000 warrants to purchase common stock on account of $1 million promissory note issued to Ms. Man Sha, the reporting person's spouse, on or about May 17, 2019.
Documents
Issuer
Allied Esports Entertainment, Inc.
CIK 0001708341
Entity typeother
Related Parties
1- filerCIK 0001785810
Filing Metadata
- Form type
- 4
- Filed
- Aug 19, 8:00 PM ET
- Accepted
- Aug 20, 9:02 PM ET
- Size
- 16.6 KB