Filing Details
- Accession Number:
- 0001104659-21-030662
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-03-02 15:20:46
- Reporting Period:
- 2021-02-26
- Accepted Time:
- 2021-03-02 15:20:46
- SEC Url:
- Form 4 Filing
Issuer
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
904534 | S Terren Peizer | C/O Acuitas Group Holdings, Llc 120 Colorado Avenue, #230 Santa Monica CA 90404 | Exe. Cha. Of The Board Of Dir. | Yes | Yes | Yes | No |
1797168 | Acuitas Group Holdings, Llc | 2120 Colorado Avenue, #230 Santa Monica CA 90404 | No | No | 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 | Acquisiton | 2021-02-26 | 6,000,000 | $1.00 | 9,230,512 | No | 4 | P | Indirect | By Acuitas |
Common Stock | Acquisiton | 2021-03-01 | 825,000 | $0.00 | 10,055,512 | No | 4 | J | Indirect | By Acuitas |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Indirect | By Acuitas |
No | 4 | J | Indirect | By Acuitas |
Footnotes
- This Form 4 is jointly filed by Terren S. Peizer ("Mr. Peizer") and Acuitas Group Holdings, LLC ("Acuitas"). Mr. Peizer is the Chairman and sole member of Acuitas and, in such capacity, exercises voting and investment power over any securities held for the accounts of Acuitas. The issuer's board of directors appointed Mr. Peizer as its Executive Chairman, effective as of February 26, 2021.
- Represents 6,000,000 shares purchased by Acuitas from X, LLC for aggregate consideration that the parties have agreed to value as $6,000,0000 pursuant to an amended and restated purchase and sale agreement, dated as of February 22, 2021. Acuitas has reported its beneficial ownership of such shares on a Form 3 filed by Acuitas on the date hereof.
- Represents 825,000 shares issued by the issuer to Acuitas on March 1, 2021 pursuant to a settlement agreement and release, dated as of October 28, 2019.