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
  1. 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.
  2. 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.
  3. 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).
  4. 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.