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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Warrants (right to buy) | $ 0.89 | 05/31/2024 | J(1) | 2,374,208 | 11/09/2023 | 08/11/2028 | Common Stock | 2,374,208 | $ 0 | 0 | I | Stage 1 Growth Fund LLC (Series WAVE, Class A) (2) | |||
| Warrants (right to buy) | $ 0.89 | 05/31/2024 | J(3) | 7,825,792 | 10/19/2023 | 07/21/2028 | Common Stock | 7,825,792 | $ 0 | 0 | I | Stage 1 Growth Fund LLC (Series WAVE, Class A) (2) | |||
| Warrants (right to buy) | $ 0.89 | 05/31/2024 | A | 3,864,542 | 10/19/2023 | 07/21/2028 | Common Stock | 3,864,542 | $ 0 | 3,864,542 | I | Stage 1 Growth Fund LLC Series WAVE (4) | |||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Popolo Joseph V 3899 MAPLE AVENUE, SUITE 100 DALLAS, TX 75219 |
X | X | ||
| /s/ Joseph Popolo | 06/04/2024 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Pursuant to an Assignment, dated May 31, 2024, Stage 1 Growth Fund LLC (Series WAVE, Class A) (the "SPV") assigned the warrant, dated August 11, 2023, to Stage 1 Growth Fund, LLC Series Wave (the "New SPV"). |
| (2) | CFO Fund GenPar, LLC, a Texas limited liability company ("CFO Fund"), is the Managing Member of Charles & Potomac Capital, LLC ("C&P"). The reporting person is the sole control person of CFO Fund and C&P. C&P is the proxy for the members of the SPV, and the manager of the SPV must act in accordance with C&P's direction with respect to exercise and voting of the issuer's securities and derivative securities held by the SPV. The reporting person is the sole control person of C&P. |
| (3) | Pursuant to an Assignment, dated May 31, 2024, the SPV assigned the warrant, dated July 21, 2023 (the "July Warrant"), to the New SPV. |
| (4) | Following the assignment of the July Warrant, C&P indirectly holds a warrant through the New SPV, to purchase 3,864,542 shares of common stock, par value $0.0001 per share, of the issuer. |