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Bruush Oral Care | SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Yaletown Bros. Ventures Ltd.(33.85%),Matthew Friesen(33.85%), etc.

SEC announcement ·  Feb 17 06:18
Summary by Futu AI
On February 9, 2024, Yaletown Bros. Ventures Ltd, along with individuals Matthew Friesen and Bradley Friesen, filed an amendment to Schedule 13D with the United States Securities and Exchange Commission, indicating a significant ownership stake in Bruush Oral Care Inc. The filing reveals that the group collectively holds approximately 33.85% of Bruush Oral Care's common shares, which includes 43,000,000 common shares issuable upon the exercise of Pre-Funded Warrants and Side Letter Warrants. The Friesens, both Canadian citizens, have substantial control over the investment decisions of Yaletown Bros. Ventures Ltd. The filing also details a recent transaction where the Reporting Persons provided Bruush Oral Care with an additional $200,000 in funding, in exchange for a Side Letter Warrant to purchase 10,000,000 common shares at $0.001 per share...Show More
On February 9, 2024, Yaletown Bros. Ventures Ltd, along with individuals Matthew Friesen and Bradley Friesen, filed an amendment to Schedule 13D with the United States Securities and Exchange Commission, indicating a significant ownership stake in Bruush Oral Care Inc. The filing reveals that the group collectively holds approximately 33.85% of Bruush Oral Care's common shares, which includes 43,000,000 common shares issuable upon the exercise of Pre-Funded Warrants and Side Letter Warrants. The Friesens, both Canadian citizens, have substantial control over the investment decisions of Yaletown Bros. Ventures Ltd. The filing also details a recent transaction where the Reporting Persons provided Bruush Oral Care with an additional $200,000 in funding, in exchange for a Side Letter Warrant to purchase 10,000,000 common shares at $0.001 per share. The Reporting Persons' ownership interest in Bruush Oral Care is primarily for investment purposes, but they reserve the right to take further action regarding their holdings based on market conditions and the company's performance. The amendment to Schedule 13D follows a series of transactions between October 11, 2023, and October 24, 2023, where the Reporting Persons' ownership ranged from 63% to 82% of the company's securities.

This announcement is a separate document:

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