4//SEC Filing
Liptak Len 4
Accession 0001209191-23-050332
CIK 0001934064other
Filed
Sep 20, 8:00 PM ET
Accepted
Sep 21, 9:02 PM ET
Size
8.4 KB
Accession
0001209191-23-050332
Insider Transaction Report
Form 4
Liptak Len
DirectorChief Executive Officer
Transactions
- Award
Series A Preferred Stock
2023-09-20+50→ 50 totalExercise: $1.00From: 2023-09-20→ Common Stock (50,000 underlying) - Award
Warrants (right to buy)
2023-09-20+50,000→ 50,000 totalExercise: $1.00Exp: 2028-09-20→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]The Series A Preferred Stock is convertible (subject to certain conversion limitations prior to the Issuer obtaining stockholder approval of the transactions contemplated by the SPA) into Common Stock at the Reporting Person's election at $1 per share, which conversion price may be adjusted in accordance withe the terms of the Series A Preferred Stock, and has no expiration date.
- [F2]The Reporting Person acquired the shares and warrants pursuant to the terms of that certain Securities Purchase Agreement by and among the Issuer and the investors named therein, as disclosed in the Current Report on Form 8-K filed by the Issuer with the SEC on September 21, 2023 (the "SPA").
- [F3]The warrants become exercisable upon the Issuer obtaining shareholder approval of the transactions contemplated by the SPA.
Documents
Issuer
ProSomnus, Inc.
CIK 0001934064
Entity typeother
Related Parties
1- filerCIK 0001956842
Filing Metadata
- Form type
- 4
- Filed
- Sep 20, 8:00 PM ET
- Accepted
- Sep 21, 9:02 PM ET
- Size
- 8.4 KB