June 26, 2025 · Form 4 insider transaction
HAIL JEFFREY bought 375,000 shares of BRQL 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.
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.; 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(ACP). THERE IS NO EXPIRATION OF THE RIGHT TO CONVERT INTO THE ISSUER'S COMMON STOCK.