Forssell Urban 4
4 · Neonode Inc. · Filed Oct 1, 2020
Insider Transaction Report
Form 4
Neonode Inc.NEON
Forssell Urban
Chief Executive Officer
Transactions
- Conversion
Common Stock
2020-09-29$6.50/sh+100,000$650,000→ 100,000 total - Conversion
Series C-2 5% Convertible Preferred Stock
2020-09-29−650→ 0 total→ Common Stock (100,000 underlying)
Footnotes (1)
- [F1]On August 5, 2020, the Issuer entered into a Securities Purchase Agreement with certain institutional and accredited investors (the "Private Placement"). The Private Placement included Series C-2 5% Convertible Preferred Stock (the "Series C-2 Preferred Stock") with a stated value of $1,000 per share. Each share of Series C-2 Preferred Stock automatically converted into 1,000 shares of the Issuer's Common Stock, based upon a conversion price of $6.50 per share, upon shareholder approvals with respect to the Private Placement, including the issuance to the Reporting Person.