Summary by Futu AI
David Lazar has completed a series of transactions on February 18, 2025, selling 2,219,447 shares of Series A Preferred Stock, a warrant for 2.8M common shares, and certain receivables to new purchasers for $500,000. As part of the deal, Lazar received 1,200,000 newly issued common shares, with $300,000 of the purchase price being paid to FiEE as a deemed contribution.Following the transactions, Lazar maintains beneficial ownership of 2,802,254 shares, representing approximately 35.1% of FiEE's outstanding shares. This includes 2,681,980 common shares and 85,910 Series A Preferred Stock shares. The agreement includes an earnout provision worth up to $3.4M and additional shares if FiEE regains Nasdaq listing by December 31, 2025.The deal requires increasing Series A Preferred Stock conversion price from $1.40 to $2.75. Temporarily, Lazar granted voting rights for 2,656,980 common shares and 85,910 preferred shares to a purchaser until this conversion price increase is implemented. The agreement also mandates board restructuring to three directors and termination of certain consulting agreements.
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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