Filing Details

Accession Number:
0001493152-24-030078
Form Type:
5
Zero Holdings:
No
Publication Time:
2024-08-02 16:05:37
Reporting Period:
2024-07-31
Accepted Time:
2024-08-02 16:05:37
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1584693 Healthcare Integrated Technologies Inc. HITC Services-Amusement & Recreation Services (7900) 463052781
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1729489 Platinum Equity Advisors, Llc 1462 Rudder Lane
Knoxville TN 37919
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 2023-07-31 6,983,343 $0.11 6,983,343 No 4 P Direct
Common Stock Acquisiton 2023-07-31 4,719,500 $0.10 6,983,343 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Holdings 11,664,854 Direct
Footnotes
  1. On July 31, 2023, the Board of Directors of the issuer approved the issuance of 6,983,343 shares of common stock to the Platinum Equity Advisors, LLC ("Platinum") as payment for accrued compensation owed to its Manager as of July 31, 2023 under the Manager's Employment Agreement with the issuer dated March 13, 2018. The shares were issued to Platinum pursuant to an Assignment of Rights to Compensation agreement between Platinum and the Manager dated May 1, 2021.
  2. On July 31, 2023, the Board of Directors of the issuer approved the issuance of 4,719,500 shares of common stock to Platinum 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.