4/A//SEC Filing
Cassidy Bruce A. Sr. 4/A
Accession 0001493152-23-045927
CIK 0001643988other
Filed
Dec 21, 7:00 PM ET
Accepted
Dec 22, 4:30 PM ET
Size
10.0 KB
Accession
0001493152-23-045927
Insider Transaction Report
Form 4/AAmended
Loop Media, Inc.LPTV
Cassidy Bruce A. Sr.
Director10% Owner
Transactions
- Award
Common Stock
2023-09-12$0.74/sh+6,005,487$4,444,060→ 8,919,861 total(indirect: By Excel Family Partners, LLLP) - Award
Warrant (right to buy)
2023-09-12+209,398→ 209,398 total(indirect: By Excel Family Partners LLLP)Exercise: $4.33From: 2023-09-12Exp: 2026-05-10→ Common Stock (209,398 underlying)
Holdings
- 53,001
Common Stock
- 2,600,000(indirect: By LLC)
Common Stock
Footnotes (3)
- [F1]The shares of Common Stock were acquired in connection with a Note Conversion Agreement with the Issuer, pursuant to which the Reporting Person agreed to convert the principal and interest outstanding on a line of credit into shares of Common Stock of the Issuer. The aggregate principal and interest of the line of credit was $4,444,060.
- [F2]Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F3]The warrant was acquired in connection with a note issued by the Issuer in favor of Excel Family Partners, LLLP, as coverage for forty percent (40%) of the principal thereunder. The aggregate principal of the note is $2,266,733.
Documents
Issuer
Loop Media, Inc.
CIK 0001643988
Entity typeother
Related Parties
1- filerCIK 0001484879
Filing Metadata
- Form type
- 4/A
- Filed
- Dec 21, 7:00 PM ET
- Accepted
- Dec 22, 4:30 PM ET
- Size
- 10.0 KB