OneMeta (ONEI) 10% owner reports large note and warrant holdings
Rhea-AI Filing Summary
OneMeta Inc. insider Jeffrey Canter, a 10% owner, filed an initial Form 3 reporting indirect holdings through WHPH AI, LLC. WHPH holds a convertible note for 12,500,000 underlying shares of common stock at a conversion price of $0.08, bearing 14% interest and maturing on October 31, 2028. WHPH also holds a warrant to purchase up to 3,000,000 common shares at an exercise price of $0.001 per share, exercisable at any time until October 31, 2030. Canter and his wife own 100% of WHPH and he has sole voting and dispositive power over these securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Convertible Note | -- | -- | -- |
| holding | Warrant (Right to Buy) | -- | -- | -- |
Footnotes (1)
- The securities are held by WHPH AI, LLC ("WHPH"). The Reporting Person is the beneficial owner of 100% of the interests in WHPH jointly with his wife, has sole voting and dispositive power over and may be deemed to beneficially own such shares held by WHPH. Registrant issued WHPH a $1,000,0000 convertible note (the "Note") which is convertible at the election of the holder at a conversion price of $0.08 and bears interest at the rate of 14%. The Note matures on October 31, 2028. The number of shares reported represents the principal amount divided by the conversion price, and the ultimate conversion amount will include additional shares representing accrued interest. Pursuant to the NWPA, WHPH acquired a warrant to purchase up to 3,000,000 shares of Common Stock, with an exercise price of $0.001 per share (the "Warrant"). The Warrant may be exercised at any time and expires on October 31, 2030.
FAQ
What did OneMeta (ONEI) insider Jeffrey Canter report on this Form 3?
What are the key terms of the convertible note reported for OneMeta (ONEI)?
How is WHPH AI, LLC connected to OneMeta (ONEI) insider Jeffrey Canter?
Does the Form 3 show direct or indirect ownership of OneMeta (ONEI) securities?