Conviction
$ Value
$60K
Shares
2,308
Price
$26
Filed
May 9
▶ Why this score? (10/10)
- ✓ Open market buy (+3)
- ✓ % of holdings >= 50% (+3)
- ✓ Director (+1)
- ✓ Cluster: 5 insiders buying (+2)
- ✓ Not a 10b5-1 plan (+1)
Insider
Name
Winer Gary M
Title
—
CIK
0001822095
Roles
Transaction Details
Transaction Date
2025-05-08
Code
P
Table
Non-Derivative
Ownership
Direct
Equity Swap
No
Shares After
2,733
Footnotes
These shares are being issued as a portion of and pursuant to the Company entering into a definitive conversion agreement on May 1, 2025, with a conversion date of May 7, 2025, along with 13 other holders of $6.6 million of the outstanding principal of the Secured Notes to convert the Secured Notes for an aggregate of 253,083 shares of the Company's Common Stock at a conversion price of $26.00 per share (on a post-reverse split basis), issuance of an aggregate of 126,540 warrants each exercisable for one share of Common Stock at an exercise price of $26.00 per share (on a post-reverse split basis), and a portion of the 2,174,311 shares of Wugen Inc. common stock held by the Company.