Filing Details
- Accession Number:
- 0001493152-24-030076
- Form Type:
- 5
- Zero Holdings:
- No
- Publication Time:
- 2024-08-02 16:05:33
- Reporting Period:
- 2024-07-31
- Accepted Time:
- 2024-08-02 16:05:33
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1584693 | Healthcare Integrated Technologies Inc. | HITC | () | 5 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1490914 | M Scott Boruff | 1462 Rudder Lane Knoxville TN 37919 | Chief Executive Officer | 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 | Acquisiton | 2023-07-31 | 6,983,343 | $0.11 | 6,983,343 | No | 4 | P | Indirect | Note |
Common Stock | Acquisiton | 2023-07-31 | 4,719,500 | $0.10 | 6,983,343 | No | 4 | P | Indirect | Note |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Indirect | Note |
No | 4 | P | Indirect | Note |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Holdings | 11,664,854 | Indirect | Note |
Footnotes
- The shares of common stock of the issuer are held of record by Platinum Equity Advisors, LLC ("Platinum"). Platinum is owned and controlled by the spouse of the Reporting Person. In addition, the Reporting Person is the Manager of Platinum and has the shared right to direct the vote and disposition of securities owned by Platinum. The Reporting Person disclaims beneficial ownership of the reported shares of common stock except to the extent of his pecuniary interest therein, and the inclusion of such shares in this Form 5 shall not be deemed an admission of beneficial ownership of the reported shares for any purpose.
- On July 31, 2023, the Board of Directors of the issuer approved the issuance of 6,983,343 shares of common stock to Platinum Equity Advisors, LLC (See 1. Above) as payment for accrued compensation owed to the Reporting Person as of as of July 31, 2023 under an Employment Agreement dated March 13, 2018 and an Assignment of Rights to Compensation dated May 1, 2021.
- On July 31, 2023, the Board of Directors of the issuer approved the issuance of 4,719,500 shares of common stock to Platinum Equity Advisors, LLC (See 1. Above) as partial payment for fees owed to Platinum as of July 31, 2023 under a Non-Employee Chief Executive Officer Engagement Agreement dated May 1, 2021.