WILSON KENT bought BRQL
June 26, 2025 · Form 4 insider transaction
WILSON KENT bought 291,667 shares of Dynamic Aerospace Systems at $0.00 per share, a transaction worth N/A. The trade was recorded as conversion of a derivative and disclosed on an SEC Form 4, filed 29 days after the transaction.
Footnotes
THE REPORTING PERSON RECEIVED THESE SHARES FROM ACP IN CONNECTION WITH THE EXTINGUISHMENT OF AN OBLIGATION OWED BY ACP TO THE REPORTING PERSON. THE SERIES A PREFERRED SHARES WERE ISSUED AT A PER SHARE PRICE OF $0.12.; PURSUANT TO THE CERTIFICATE OF DESIGNATION, THE SHARES OF SERIES A PREFERRED STOCK MAY BE CONVERTED INTO SHARES OF THE ISSUER'S COMMON STOCK AT ANY TIME AT THE DISCRETION OF THE HOLDER. THERE IS NO EXPIRATION OF THE RIGHT TO CONVERT INTO THE ISSUER'S COMMON STOCK.; PURSUANT TO THE CERTIFICATE OF DESIGNATION OF RIGHTS AND PREFERENCES, EACH SHARE OF SERIES A PREFERRED STOCK IS CONVERTIBLE INTO THREE SHARES OF THE ISSUERS COMMON STOCK, AT THE DISCRETION OF THE HOLDER.