4//SEC Filing
Madden Steven H 4
Accession 0001437749-23-023063
CIK 0001426506other
Filed
Aug 9, 8:00 PM ET
Accepted
Aug 10, 4:19 PM ET
Size
18.7 KB
Accession
0001437749-23-023063
Insider Transaction Report
Form 4
Madden Steven H
DirectorChief Transition Officer10% Owner
Transactions
- Conversion
Convertible Notes
2023-07-07→ 0 total(indirect: By LLC)Exercise: $0.10→ Common Stock (54,966,332 underlying) - Conversion
Common Stock, par value $.001
2023-07-07$0.10/sh+54,966,332$5,496,633→ 56,814,332 total(indirect: By LLC) - Award
Common Stock, par value $.001
2023-07-07$0.25/sh+11,426,860$2,856,715→ 68,241,192 total(indirect: By LLC) - Conversion
Common Stock, par value $.001
2023-07-07$0.25/sh+2,004,604$501,151→ 70,245,796 total(indirect: By LLC) - Award
Common Stock, par value $.001
2023-07-07$0.25/sh+1,699,710$424,928→ 1,699,710 total(indirect: By Asphalt Transportation Inc.) - Award
5% Series C Convertible Preferred Stock
2023-07-07$10000.00/sh+500$5,000,000→ 500 total(indirect: By LLC)Exercise: $0.25From: 2023-07-07→ Common Stock (500 underlying) - Conversion
Convertible Note
2023-07-07→ 0 total(indirect: By LLC)Exercise: $0.25From: 2020-02-27Exp: 2023-03-31→ Common Stock (2,004,604 underlying)
Holdings
- 14,013,090
Common Stock, par value $.001
- 375,000(indirect: By Foundation)
Common Stock, par value $.001
Footnotes (6)
- [F1]Represents shares of common stock issued in exchange for the forgiveness of $2,856,712 in aggregate principal and interest due on unconvertible promissory notes issued by SMG Industries, Inc. (the "Company").
- [F2]Represents shares of common stock issued in exchange for the forgiveness of $424,927 in aggregate principal and interest due on unconvertible promissory notes issued by the Company.
- [F3]To the extent not already converted on the 24-month anniversary of the issuance date, the Company's 5% Series C Convertible Preferred Stock, par value $0.001 per share ("Series C Preferred Stock"), and any accrued dividends thereon will automatically convert into a number of shares of common stock equal to the quotient of (A) the sum of (x) the stated value of such share(s) of Series C Preferred Stock subject to automatic conversion plus any accrued dividends thereon and (B) the conversion price. The stated value of the Series C Preferred Stock is $10,000 per share.
- [F4]Includes shares of common stock issued upon the conversion of $1,151 in accrued, unpaid interest.
- [F5]Consists of various convertible notes that were exercisable between August 20, 2020 and December 31, 3023, or until such notes were paid in full.
- [F6]Includes shares of common stock issued upon the conversion of $143,722 in accrued, unpaid interest.
Documents
Issuer
SMG Industries Inc.
CIK 0001426506
Entity typeother
Related Parties
1- filerCIK 0001839731
Filing Metadata
- Form type
- 4
- Filed
- Aug 9, 8:00 PM ET
- Accepted
- Aug 10, 4:19 PM ET
- Size
- 18.7 KB