Filing Details
- Accession Number:
- 0001104659-23-120971
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-11-24 12:46:01
- Reporting Period:
- 2023-11-21
- Accepted Time:
- 2023-11-24 12:46:01
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
923601 | Singing Machine Co Inc | MICS | Phonograph Records & Prerecorded Audio Tapes & Disks (3652) | 953795478 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1877714 | Stingray Group Inc. | 730 Wellington Street Montreal A8 H3C 1T4 | No | No | Yes | No | |
1877716 | Eric Boyko | 730 Wellington Street Montreal A8 H3C 1T4 | 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, $0.01 Par Value Per Share ("Common Shares") | Acquisiton | 2023-11-21 | 1,098,901 | $0.91 | 1,421,124 | No | 4 | P | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Direct |
Footnotes
- On November 21, 2023, Stingray Group Inc., a Canadian corporation ("Stingray"), purchased from the Issuer 1,098,901 Common Shares at a purchase price of $0.91 per Common Share in connection with the Issuer's private placement pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506 promulgated thereunder.
- In addition to Stingray, this Form 4 is being jointly filed by Eric Boyko, a Canadian citizen ("Boyko"). As of September 30, 2023, indirectly, controlled approximately 56.11% of the combined voting power of Stingray's outstanding shares.
- After giving effect to the transactions reported on this Form 4, Stingray directly beneficially owns 1,421,124 Common Shares and 222,223 warrants to purchase Common Shares ("Warrants"). Boyko indirectly beneficially owns 1,421,124 Common Shares (excluding Warrants).
- Each reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of any securities covered by this statement. Boyko disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.