ADM Tronics: Longview buys 500,000 shares at $0.10
Longview’s warrants are subject to a 9.99% beneficial-ownership limitation and are exercisable through October 27, 2031.
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Rhea-AI Filing Summary
ADM Tronics Unlimited, Inc. (ADMT) reports that Longview Innovation LLC purchased 500,000 common shares from the company at $0.10 per share in the private placement’s initial closing on October 27, 2026. Longview also acquired warrants for 250,000 common shares, exercisable at $0.10 per share, subject to adjustment, from October 27, 2026 through 5:00 p.m. New York City time on October 27, 2031. Exercise is subject to a 9.99% beneficial ownership limitation elected by Longview. Director Michael Burychka is Longview’s managing member and shares dispositive control; he disclaims beneficial ownership except to the extent of his pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | Warrants (right to buy) F3, F1 | -- | -- | -- |
| Holding | Common Stock, par value $0.0005 per share F2, F1 | -- | -- | -- |
Footnotes (3)
- F1. The reported securities are held of record by Longview Innovation LLC ("Longview"). The Reporting Person is a Managing Member of Longview and shares dispositive power over the securities of the Issuer held by Longview. The Reporting Person shares dispositive control of Longview and accordingly may be deemed to have an indirect pecuniary interest in the securities held by Longview. For purposes of Section 16 of the Securities Exchange Act of 1934, the Reporting Person disclaims beneficial ownership of the securities held by Longview except to the extent of his pecuniary interest therein.
- F2. Longview purchased the reported shares of Common Stock from the Issuer in the Issuer's private placement at $0.10 per share. The purchase occurred at the initial closing of the private placement on October 27, 2026, at which the Reporting Person's election as a director of the Issuer also became effective.
- F3. Longview acquired the Warrants from the Issuer in the same transaction as the shares of Common Stock reported in Table I, for a number of shares equal to 50% of those shares. The Warrants are exercisable at $0.10 per share, subject to adjustment, from October 27, 2026 until 5:00 p.m. (New York City time) on October 27, 2031, the fifth anniversary of that date. Exercise is subject to a beneficial ownership limitation of 9.99% of the outstanding Common Stock, which Longview elected. The amount reported is the full number of shares underlying the Warrants, without regard to that limitation.
Key Figures
Key Terms
private placement financial
dispositive power regulatory
indirect pecuniary interest regulatory
beneficial ownership limitation regulatory
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