Conviction
$ Value
$100K
Shares
13,423
Price
$7
Filed
May 20
▶ 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
GARRETT SCOTT T
Title
—
CIK
0001231174
Roles
Transaction Details
Transaction Date
2025-05-16
Code
P
Table
Non-Derivative
Ownership
Direct
Equity Swap
No
Shares After
25,505
Footnotes
These shares were issued pursuant to a conversion of Unsecured Convertible Promissory Notes which were issued to six holders through a Company financing of an aggregate principal of $270,000 in one-year Notes. The Notes contained a mandatory conversion provision, which resulted in the Notes converting into shares of common stock at a mandatory conversion price of $7.45 per share as set by the registered offering. The Notes converted after the closing of the Company's registered offering on May 15, 2025. The conversion transaction also included an allocated portion of the 2,174,311 shares of Wugen Inc. common stock held by the Company.