4//SEC Filing
Wang Sing 4
Accession 0001213900-20-004953
CIK 0001738758other
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 5:55 PM ET
Size
9.0 KB
Accession
0001213900-20-004953
Insider Transaction Report
Form 4
Wang Sing
DirectorCEO10% Owner
Transactions
- Purchase
Amended and Restated Promissory Note
2020-02-14→ 280,000 total(indirect: See footnote)→ Ordinary Shares (280,000 underlying)
TKK Symphony Sponsor 1
10% Owner
Transactions
- Purchase
Amended and Restated Promissory Note
2020-02-14→ 280,000 total(indirect: See footnote)→ Ordinary Shares (280,000 underlying)
Footnotes (2)
- [F1]The Amended and Restated Promissory Note (the "Note") in the principal amount of $1,400,000 was issued to TKK Symphony Sponsor 1. At any time prior to payment in full of the principal balance of the Note, the reporting person may elect to convert all or any portion of the unpaid principal balance of the Note into that number of ordinary shares of the issuer ("Ordinary Shares") equal to: (x) the portion of the principal amount of the Note being converted, divided by (y) the Conversion Price, rounded up to the nearest whole number of shares. The Conversion Price shall be equal to the volume-weighted average price of the Ordinary Shares on the Nasdaq Capital Market or such other securities exchange or securities market on which the Ordinary Shares are then listed or quoted, for the ten trading days prior to such conversion date; provided, that the Conversion Price shall not be less than $5.00.
- [F2]Sing Wang, the issuer's former Chief Executive Officer and Chairman of the Board of Directors, indirectly owns 100% of the equity interest of the Sponsor and is the sole owner of China Capital Advisors Corporation, which is the sole owner of Texas Kang Kai Capital Partners. Texas Kang Kai Capital Partners owns 100% of the equity interest of TKK Capital Holding, which is the sole member of the Sponsor. As such, Mr. Wang has sole voting and dispositive power over the shares held by the Sponsor. Mr. Wang disclaims beneficial ownership over any securities owned by the Sponsor other than to the extent he may have any pecuniary interest.
Documents
Issuer
GLORY STAR NEW MEDIA GROUP HOLDINGS Ltd
CIK 0001738758
Entity typeother
Related Parties
1- filerCIK 0001733028
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 5:55 PM ET
- Size
- 9.0 KB