Marcus Clark A. 4
4 · Advanzeon Solutions, Inc. · Filed Jan 22, 2021
Insider Transaction Report
Form 4
Marcus Clark A.
DirectorCo-Chief Executive Officer
Transactions
- Purchase
Convertible Promissory Note
2021-01-20$20000.00/sh→ 29,417,896 totalExercise: $0.50From: 2021-01-20Exp: 2022-01-20→ Common Stock (40,000 underlying) - Purchase
Common Stock Purchase Warrants
2021-01-20+40,000→ 29,457,896 totalExercise: $0.50From: 2021-01-20Exp: 2026-01-20→ Common Stock (40,000 underlying)
Footnotes (2)
- [F1]The Note bears interest at a rate of 12% per annum. The conversion rate per share is $0.50. It is a demand Note that matures in one year. At the election of the Reporting Person, at any time, all or any part of the principle and accrued interest may be converted into the Issuer's Common Stock. This calculation does not include any accrued interest that may be converted and excludes shares of Common Stock issuable at the election of the Reporting Person upon conversion of accrued interest. Therefore, the number of shares of Common Stock to be issued will be determined at the time of conversion.
- [F2]The warrants have a cashless exercise feature. The actual number of shares of Common Stock to be issued will be determined at the time of exercise