4//SEC Filing
Newcan Investment Partners LLC 4
Accession 0001185185-17-001866
CIK 0001522222other
Filed
Aug 24, 8:00 PM ET
Accepted
Aug 25, 4:54 PM ET
Size
13.1 KB
Accession
0001185185-17-001866
Insider Transaction Report
Form 4
Newcan Investment Partners LLC
10% Owner
Transactions
- Other
Convertible Promissory Note
2017-08-23$621658.00/sh→ 2,486,632 totalExercise: $0.25From: 2017-08-23→ Common Stock (2,486,632 underlying) - Other
Convertible Promissory Note
2017-08-23$70000.00/sh→ 280,000 totalExercise: $0.25From: 2017-08-23→ Common Stock (280,000 underlying) - Other
Demand Convertible Promissory Note
2017-08-23$618000.00/sh→ 0 totalExercise: $0.25From: 2017-05-31→ Common Stock (2,472,000 underlying)
Holdings
- 480,000
Convertible Promissory Note
Exercise: $0.25From: 2017-03-31→ Common Stock (480,000 underlying) - 1,870,988
Common Stock
Footnotes (6)
- [F1]This Note bears interest at the rate of 10% per annum. At the election of the Reporting Person, all principal and accrued interest under the Note may be converted into the Issuer's common stock. For each $0.25 converted, the Reporting Person will receive one share of common stock.
- [F2]The Note is convertible, at the election of the Reporting Person, at any time prior to payment or prepayment in full and matures on August 22, 2020.
- [F3]Excludes shares issuable at the election of the Reporting Person upon conversion of accrued interest (both past and future) into shares of common stock.
- [F4]Exchange of this demand convertible promissory note for convertible promissory note in the amount of $621,658.
- [F5]This note has been finalized and replaced by a convertible promissory note in the amount of $621,658, which replacement note includes additional amounts loaned by the Reporting Person.
- [F6]The Note is convertible, at the election of the Reporting Person, at any time prior to payment or prepayment in full and matures on April 1, 2020.
Documents
Issuer
CLS Holdings USA, Inc.
CIK 0001522222
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001708622
Filing Metadata
- Form type
- 4
- Filed
- Aug 24, 8:00 PM ET
- Accepted
- Aug 25, 4:54 PM ET
- Size
- 13.1 KB