SEC Form 4 · accession 0001179110-19-001330
Axe Compute Inc. · AGPU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl I. Schwartz
Officer — Chief Executive Officer · Director
Period of report
Feb 1, 2019
Accepted (ET)
Feb 5, 2019 · 4:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001446159
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 144,298 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Amended and Restated Warrant to purchase common stockF1,F2 | $0.704 | Feb 1, 2019 | J | 6,227 | A | Jul 8, 2019 | Jan 8, 2024 | Common Stock | 6,227 | 969,707 | D |
Explanation of responses
- F1This Amended and Restated Warrant (the "Warrant") amends and restates that certain warrant issued on November 30, 2018 (the "Original Warrant"), due to a second investment of an additional $950,000, resulting in a total investment of $1,320,000. (See Form 4 filed on December 10, 2018 for details of the Original Warrant.) In addition to the shares reported, the Warrant provides for additional shares to be added to the Warrant beginning on February 1, 2019 and the first day of each calendar month thereafter, equal to (1) one-half percent (1/2%) of the outstanding principal balance of the Note on such date, divided by (2) the closing price of Common Stock on that date. The number of warrant shares is subject to a share limit such that the total of number of warrant shares issued under the Warrant, together with the 78,125 shares purchased directly, may not exceed 2,818,350 shares.
- F2Additional shares added to the Warrant as of 2/1/2019.