World Praise Ltd 3
3 · Aerkomm Inc. · Filed Jan 3, 2023
Insider Transaction Report
Form 3
Aerkomm Inc.AKOM
World Praise Ltd
10% Owner
Holdings
Convertible Bond
Exercise: $6.00From: 2022-12-07Exp: 2024-12-07→ Common Stock (3,862,200 underlying)
Footnotes (1)
- [F1]Represents 3,862,200 shares of common stock, par value $0.001 per share ("Common Stock"), of Aerkomm Inc. held by World Praise Limited ("WPL"), which may be issued by conversion of the borrowed principal issued as evidenced by a convertible bond, dated December 7, 2022 (the "Bond"), under the Investment Conversion and Bond Purchase Agreement, dated December 7, 2022, at the option of WPL at any time while the Bond is outstanding at a conversion price equal to $6.00 per share of Common Stock.