4//SEC Filing
Martin Daniel G. 4
Accession 0001185185-22-000273
CIK 0001039466other
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 10:12 AM ET
Size
9.5 KB
Accession
0001185185-22-000273
Insider Transaction Report
Form 4
Martin Daniel G.
DirectorChief Executive Officer10% Owner
Transactions
- Other
Series B Preferred Stock, $0.01 par value per share
2022-03-14−25,000→ 0 total(indirect: By LLC) - Other
Series B Preferred Stock, $0.01 par value
2022-03-14−25,000→ 0 total(indirect: By LLC)Exercise: $0.00From: 2020-09-08→ Common Stock, no par value (250,000,000 underlying) - Other
Common Stock, no par value
2022-03-14+1,502,670→ 1,502,670 total(indirect: By LLC)
Footnotes (2)
- [F1]Effective March 14, 2022, NovAccess Global Inc. redeemed 24,400, and Irvin Consulting, LLC purchased 600, shares of Series B preferred stock held by TN3, LLC, a company owned by Mr. Martin. In connection with the sale and redemption of the preferred shares, NovAccess issued to TN3 1,502,670 shares of unregistered common stock and will pay to TN3 $250,000 over time.
- [F2]Each share of Series B preferred stock is convertible at the option of the holder into 10,000 shares of common stock and entitles the holder to cast 40,000 votes on any action presented to shareholders. The preferred stock conversion feature has no expiration date.
Documents
Issuer
NovAccess Global Inc.
CIK 0001039466
Entity typeother
Related Parties
1- filerCIK 0001814455
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 10:12 AM ET
- Size
- 9.5 KB