Filing Details
- Accession Number:
- 0001477932-11-000223
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2011-02-25 20:55:51
- Reporting Period:
- 2011-02-14
- Filing Date:
- 2011-02-25
- Accepted Time:
- 2011-02-25 20:55:51
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1427352 | Infospi Inc. | ISPI | Blank Checks (6770) | 000000000 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1507132 | Dror Svorai | 1720 Harrison Street 18Th Floor, Suite Penthouse A Hollywood FL 33020 | President, Ceo, Cfo, Secretary | Yes | Yes | Yes | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock, Par Value $0.001 | Acquisiton | 2011-02-14 | 30,003,000 | $0.00 | 71,418,810 | No | 4 | P | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Direct |
Footnotes
- The 30,003,000 shares were acquired pursuant to a definitive agreement dated February 14, 2011 (the ?Agreement?) among the Issuer, NexPhase Lighting, Inc., a privately held Florida corporation (?NexPhase?)., and the shareholders of NexPhase (the ?NexPhase Shareholders?). In accordance with the terms and provisions of the Agreement: (i) the Issuer acquired from the NexPhase Shareholders an aggregate 60,622,000 shares of common stock of NexPhase representing the total issued and outstanding shares of NexPhase; and (ii) in exchange therefore, the Issuer issued to the NexPhase Shareholders an aggregate 67,500,000 shares of its restricted common stock in proportion to the equity holdings of the NexPhase Shareholders (of which 30,003,000 shares were issued to the Reporting Person).
- The Reporting Person holds of record 42,503,000 shares of common stock. Upon payment of the full purchase price of $325,000 to Eilay Maman and Oyster Shell Investment LLLP, the 14,400,000 shares held of record by Eilay Maman (representing a 14.9% equity interest) and the 14,515,810 shares held of record by Oyster Shell Investment LLLP (representing a 15.0% equity interest) will be transferred to the Reporting Person no later than March 15, 2011. As of the date of this Form 4, an aggregate amount of $200,000 has been paid to the sellers. Until the purchase price is paid in full by the Reporting Person, the shares of common stock are being held in an escrow account to be released pro-rata to the Reporting Person as the installments are paid to the sellers by the Reporting Person.