Xu Xiaochun sold THMO
March 15, 2024 · Form 4 insider transaction
Xu Xiaochun sold an undisclosed number of shares of THMO, a transaction worth N/A. The trade was recorded as conversion of a derivative and disclosed on an SEC Form 4, filed 4 days after the transaction.
Footnotes
On March 15, 2024, Boyalife Group, Inc. converted an aggregate of $1,278,000 of the outstanding principal and $285,000 of the outstanding accrued interest for a total of $1,563,000 under a Third Amended and Restated Convertible Promissory Note issued by Issuer in April 2018, as amended. After giving effect to the conversion, as of the date of this Form 4, there was approximately $6,000,000 in principal and approximately $366,000 in accrued interest outstanding under the Convertible Promissory Note, all of which is convertible at a current conversion price of $0.38 per share, subject to downward adjustment in the event that the Issuer issues shares of common stock at a lower price. Boyalife Group, Inc. is 100% owned by Dr. Xiaochun Xu.