Cavalry Fund I LP 3
3 · BLONDER TONGUE LABORATORIES INC · Filed Jan 15, 2021
Insider Transaction Report
Form 3
Cavalry Fund I LP
10% Owner
Holdings
- 1,250,000
Common Stock
Warrants
Exercise: $1.25From: 2020-12-15Exp: 2023-12-15→ Common Stock (625,000 underlying)
Footnotes (1)
- [F1]Pursuant to that certain Securities Purchase Agreement, dated December 14, 2020, between Blonder Tongue Laboratories, Inc. (the "Company") and Cavalry Fund I LP (the "Reporting Person"), the Reporting Person purchased 1,250,000 shares of the Company's common stock ("Common Stock") and warrants to purchase 625,000 shares of Common Stock at an exercise price of $1.25 per share (the "Warrants"). The Warrants are exercisable at any time from December 15, 2020 until December 15, 2023 at 5:00 p.m., New York City time, subject to a beneficial ownership limitation of 4.99% of the Company's issued and outstanding Common Stock.