4//SEC Filing
Lustgarten Shai Shalom 4
Accession 0001493152-19-009152
CIK 0000278165other
Filed
Jun 12, 8:00 PM ET
Accepted
Jun 13, 6:10 PM ET
Size
6.2 KB
Accession
0001493152-19-009152
Insider Transaction Report
Form 4
Lustgarten Shai
DirectorChief Executive Officer10% Owner
Transactions
- Disposition to Issuer
Common Stock
2019-05-30−5,542,328→ 15,258,315 total(indirect: See footnote)
Footnotes (2)
- [F1]On October 5, 2018, Quest Solution, Inc. (the "Company") entered into a purchase agreement (the "HTS Purchase Agreement") with Walefar Investments, Ltd. ("Walefar"), and Campbeltown Consulting, Ltd. ("Campbeltown") (collectively the "Sellers") whereby the Company purchased 100% of the capital stock of HTS Image Processing, Inc.("HTS") from the Sellers partially in exchange for 22,452,954 shares of the Company's common stock, . On May 30, 2019, the parties entered into an Amendment to the HTS Purchase Agreement (the "Amendment") that provided for an adjustment to the number of shares of common stock issued in the acquisition of HTS. Pursuant to the Amendment, the Sellers agreed to return for cancelation 5,542,328 and 5,542,329 shares of common stock, respectively, which reduced the amount of shares issued in the acquisition to 11,368,297 from 22,452,954. The cancelation of shares was effected on June 13, 2019 due to logistical considerations.
- [F2]13,618,315 of the shares are held by Walefar Investments Ltd., which is beneficially owned by Mr. Lustgarten.
Documents
Issuer
Quest Solution, Inc.
CIK 0000278165
Entity typeother
Related Parties
1- filerCIK 0001590995
Filing Metadata
- Form type
- 4
- Filed
- Jun 12, 8:00 PM ET
- Accepted
- Jun 13, 6:10 PM ET
- Size
- 6.2 KB