Summary by Futu AI
David E. Lazar has significantly increased his ownership in Minim, Inc., now holding a 78.3% stake in the company. As of December 31, 2024, Lazar beneficially owned 7,509,480 shares, consisting of 1,481,980 common shares, 3,227,500 shares issuable upon conversion of Series A Preferred Stock, and 2,800,000 shares issuable upon exercise of warrants.The acquisition was completed through multiple transactions. On January 23, 2024, Lazar purchased 5,600,000 shares using personal funds. He received 25,000 shares on January 22, 2024, as part of the company's Non-Employee Directors Compensation Plan. Additionally, on October 21, 2024, Lazar was granted 305,357 shares of Series A Preferred Stock, convertible into 427,500 common shares.Most recently, on December 26, 2024, Lazar acquired 1,456,980 shares in a private transaction for $50,000, previously held under a Voting Agreement. The total investment for the 7,509,480 shares is approximately $2,850,000. This substantial ownership increase gives Lazar significant control over Minim's voting and dispositive power.
This strategy is often seen in tariff policies and trade negotiations.
First, he scared everyone quite a bit, and then he gave a little reward.Imagine you are bargaining in a vegetable market, and Trump's approach is to first raise a loudspeaker and shout: "This pile of cabbage must be sold to me for 100 yuan today!" When the vendor is stunned, he suddenly rubs his hands and says: "But seeing that you are not having an easy time, let's settle for 80 yuan~"
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