Form 4 for CNTN Canton Strategic Holdings, Inc.

Accepted 2022-01-18 00:00:00 ET · period of report 2022-01-14 · accession 0001493152-22-001473 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2022-01-18	2022-01-14	CNTN	Mazur Leonard L	Dir	C - Cnv Deriv	$3.20	+98.7K	98.7K	New	+$315.9K
D	2022-01-18	2022-01-14	CNTN	Mazur Leonard L	Dir	P - Purchase	$4.00	+25.0K	123.7K	+25%	+$100.0K
D	2022-01-18	2022-01-14	CNTN	Mazur Leonard L	Dir	C - Cnv Deriv	—	0	0	New	—

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2022-01-14	C	A	98,733	$3.20	98,733	D	—	—
2	Common	Common Stock	2022-01-14	P	A	25,000	$4.00	123,733	D	—	—
3	Derivative	Convertible Note	2022-01-14	C	D	—	$0.00	0	D	$3.20 · — to —	98,733 Common stock	(F1) On December 22, 2020, the Registrant issued the Reporting Person a $300,000 note which matures on the earlier of (i) December 31, 2023 and (ii) the closing of the Next Equity Financing. The note shall automatically convert into the type of Equity Securities issued in the Next Equity Financing. Pursuant to the terms of the note, because the Registrant's initial public offering qualified as a Next Equity Financing, the note automatically converted into shares of the Registrant's common stock. "Next Equity Financing" means the next sale (or series of related sales) by the Registrant of its Equity Securities pursuant to which the Registrant receives gross proceeds of not less than $7.5 million (inclusive of the aggregate amount of debt securities converted into Equity Securities upon conversion or cancellation of notes). "Equity Securities" means, subject to certain exceptions, the Registrant's common stock and common stock equivalents.