4//SEC Filing
Inscobee Inc. 4
Accession 0001474506-25-000089
CIK 0001894525other
Filed
May 13, 8:00 PM ET
Accepted
May 14, 5:52 PM ET
Size
20.1 KB
Accession
0001474506-25-000089
Insider Transaction Report
Form 4
Inscobee Inc.
10% Owner
Transactions
- Conversion
Convertible Promissory Note
2025-05-12→ 0 total(indirect: By Apimeds Inc.)Exercise: $2.60→ Common Stock, par value $0.01 per share (182,022 underlying) - Conversion
Convertible Promissory Note
2025-05-12→ 0 totalExercise: $2.60→ Common Stock, par value $0.01 per share (44,041 underlying) - Conversion
Convertible Promissory Note
2025-05-12→ 0 total(indirect: By Apimeds Inc.)Exercise: $2.60→ Common Stock, par value $0.01 per share (71,090 underlying) - Purchase
Common Stock, par value $0.01 per share
2025-05-12$4.00/sh+500,000$2,000,000→ 1,984,616 total - Conversion
Common Stock, par value $0.01 per share
2025-05-12$2.60/sh+182,002$473,205→ 4,316,618 total(indirect: By Apimeds Inc.) - Conversion
Common Stock, par value $0.01 per share
2025-05-12$2.60/sh+71,090$184,834→ 4,387,708 total(indirect: By Apimeds Inc.) - Conversion
Common Stock, par value $0.01 per share
2025-05-12$2.60/sh+44,041$114,507→ 2,028,657 total
Footnotes (5)
- [F1]On August 30, 2021, Apimeds Pharmaceuticals US, Inc. (the "Issuer") issued to Apimeds Inc. ("Apimeds Korea") a convertible promissory note in the principal amount of $400,000 (as amended, the "August 2021 Note"). All outstanding principal and accrued and unpaid interest owed under the August 2021 Note is due and payable on the earlier of (i) December 31, 2026, or (ii) the consummation of an offering of the Issuer's common stock resulting in the listing of the Issuer's common stock on the NYSE American, or other national securities exchange (a "Qualified Offering"). The August 2021 Note bears interest at an annual rate of 5%. The August 2021 Note is convertible into shares of common stock at a conversion price of $2.60 per share (the "Conversion Price"). The amount reported in Column 3 of Table II represents the original principal amount of $400,000, plus $73,205 of accrued and unpaid interest.
- [F2]On May 12, 2025, the Issuer completed a Qualified Financing and all outstanding principal and accrued and unpaid interest owed under the note converted into common stock at the Conversion Price.
- [F3]The shares of common stock are owned directly by Apimeds Korea, which is a wholly owned subsidiary of the reporting person. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F4]On March 21, 2022, the Issuer issued to Apimeds Korea a convertible promissory note in the principal amount of $160,000 (as amended, the "March 2022 Note"). All outstanding principal and accrued and unpaid interest owed under the March 2022 Note is due and payable on the earlier of (i) December 31, 2026, or (ii) the consummation of a Qualified Offering. The March 2022 Note bears interest at an annual rate of 5%. The March 2022 Note is convertible into shares of common stock at the Conversion Price. The amount reported in Column 3 of Table II represents the original principal amount of $160,000, plus $24,833 of accrued and unpaid interest.
- [F5]On June 3, 2022, the Issuer issued to Inscobee Inc. a convertible promissory note in the principal amount of $100,000 (as amended, the "June 2022 Note"). All outstanding principal and accrued and unpaid interest owed under the June 2022 Note is due and payable on the earlier of (i) December 31, 2026, or (ii) the consummation of a Qualified Offering. The June 2022 Note bears interest at an annual rate of 5%. The June 2022 Note is convertible into shares of common stock at the Conversion Price. The amount reported in Column 3 of Table II represents the original principal amount of $100,000, plus $14,507 of accrued and unpaid interest.
Documents
Issuer
Apimeds Pharmaceuticals US, Inc.
CIK 0001894525
Entity typeother
Related Parties
1- filerCIK 0002057997
Filing Metadata
- Form type
- 4
- Filed
- May 13, 8:00 PM ET
- Accepted
- May 14, 5:52 PM ET
- Size
- 20.1 KB