Innovative Digital Investors Emerging Technology LP 4
4 · BITMINE IMMERSION TECHNOLOGIES, INC. · Filed Dec 4, 2024
Insider Transaction Report
Form 4
Transactions
- Other
Common Stock
2024-11-04−11,500,000→ 0 total - Other
Series B Convertible Preferred Stock
2024-11-04+2,300→ 11,500,000 totalExercise: $0.20→ Common Stock (11,500,000 underlying) - Other
Series B Convertible Preferred Stock
2024-11-04+200→ 12,500,000 totalExercise: $0.20→ Common Stock (1,000,000 underlying)
Footnotes (3)
- [F1]Innovative Digital Investors Emerging Technology, LP ("IDIET"), a Delaware limited partnership, exchanged 11,500,000 shares of common stock in the company for 2,300 shares of Series B Convertible Preferred Stock of the company.
- [F2]Each share of Series B Convertible Preferred Stock is convertible immediately into that number of shares equal to its stated value divided by $0.20 per share. The stated value of each share of Series B Convertible Preferred Stock is $1,000. The conversion price is subject to proportionate adjustment as a result of any forward or reverse split of the company's common stock, as well as certain other corporate events. The Series B Convertible Preferred Stock is perpetual.
- [F3]IDIET purchased 200 shares of Series B Convertible Preferred Stock of the company for $200,000.