ALR VP Kan Yuen Shan reports large share, warrant stakes
ALR Technologies SG Ltd. director and officer Kan Yuen Shan has filed an initial Form 3 showing substantial direct and indirect holdings in ordinary shares and warrants.
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Form Type
3
Rhea-AI Filing Summary
ALR Technologies SG Ltd. director and officer Kan Yuen Shan has filed an initial Form 3 showing substantial direct and indirect holdings in ordinary shares and warrants. The filing lists direct ownership of 193,653,482 ordinary shares and indirect ownership of 189,845,000 ordinary shares held by the reporting person’s spouse.
The report also details multiple warrant positions over ALR ordinary shares with exercise prices ranging from $0.002 to $0.015 per share, all expiring on December 31, 2026. These warrants cover large underlying share amounts held both directly and through the spouse following a prior redomicile merger.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Kan Yuen Shan
Role
VP, Corporate
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Warrants — 4,445,501,000 contracts (Indirect, Warrants held by my spouse, Sidney Chan);
Warrants — 940,000,500 contracts (Direct);
Ordinary Shares — 193,653,482 shares (Direct);
Ordinary Shares — 189,845,000 shares (Indirect, Shares owned by my spouse, Sidney Chan)
Footnotes (1)
- F1. On November 7, 2022, ALR Technologies Inc. completed a merger by and among ALR Technologies Inc., ALR Technologies SG Ltd. (the "Company") and its wholly-owned subsidiary, ALRT Delaware, Inc., ("ALR Delaware"), pursuant to which ALR Delaware merged with and into ALR Technologies Inc. (the "Redomicile Merger"), with ALR Technologies Inc. continuing as the surviving entity and a wholly-owned subsidiary of ALR Singapore. The Redomicile Merger resulted in ALR Singapore becoming a parent company and successor to ALR Technologies Inc. At the effective time of the Redomicile Merger, each outstanding share of ALR Technologies Inc. common stock was converted into the right to receive one ordinary share of ALR Singapore, and each option or warrant to purchase shares of Common Stock beneficially owned by the reporting person was converted into an option or warrant to subscribe for an equivalent number of ALR Singapore Ordinary Shares at an equivalent exercise price.
Key Figures
Direct ordinary shares: 193,653,482 shares
Indirect ordinary shares (spouse): 189,845,000 shares
Direct warrants at $0.010: 240,000,000 underlying shares
+3 more
6 metrics
Direct ordinary shares
193,653,482 shares
Ordinary Shares, direct ownership as of Form 3
Indirect ordinary shares (spouse)
189,845,000 shares
Ordinary Shares owned by spouse, indirect ownership
Direct warrants at $0.010
240,000,000 underlying shares
Warrants, exercise price <money>$0.010</money>, expire 12/31/2026
Direct warrants at $0.002
700,000,500 underlying shares
Warrants, exercise price <money>$0.002</money>, expire 12/31/2026
Indirect warrants at $0.015
120,000,000 underlying shares
Spouse-held warrants, exercise price <money>$0.015</money>, expire 12/31/2026
Indirect warrants at $0.002
4,210,001,000 underlying shares
Spouse-held warrants, exercise price <money>$0.002</money>, expire 12/31/2026
Key Terms
Warrants, Ordinary Shares, exercise price, Redomicile Merger, +1 more
5 terms
Warrants financial
"security_title: "Warrants" with underlying ALR ordinary shares"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
exercise price financial
"each warrant was converted to subscribe for ALR Singapore Ordinary Shares at an equivalent exercise price"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Redomicile Merger regulatory
"ALR Delaware merged with and into ALR Technologies Inc. (the "Redomicile Merger")"
indirect ownership financial
"nature_of_ownership: Warrants held by my spouse, indicating indirect ownership"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does ALRTF’s Form 3 filing by Kan Yuen Shan disclose?
The Form 3 discloses Kan Yuen Shan’s initial beneficial ownership in ALR Technologies SG Ltd., including large direct and indirect stakes in ordinary shares and warrants. It records existing positions rather than new trades, giving a baseline view of this insider’s equity exposure.
What warrant positions are reported for Kan Yuen Shan in ALRTF?
The Form 3 lists several warrant series over ALR ordinary shares with different exercise prices. Direct warrants cover 240,000,000 shares at $0.010 and 700,000,500 shares at $0.002. Indirect warrants via the spouse cover additional large blocks at $0.015, $0.010, and $0.002 per share.
When do the ALRTF warrants reported by Kan Yuen Shan expire?
All warrant positions disclosed in the Form 3 share the same expiration date of December 31, 2026. This common end date applies to both direct and indirect warrant holdings, defining how long these derivative positions on ALR ordinary shares remain exercisable.
How are spouse-held ALRTF securities treated in this Form 3 filing?
The filing classifies certain ordinary shares and warrants as indirectly owned and notes they are held by the reporting person’s spouse, Sidney Chan. These positions are still reported as part of Kan Yuen Shan’s beneficial ownership, reflecting family-related control over the securities.
What corporate action is referenced in the ALRTF Form 3 footnote?
The footnote describes a redomicile merger completed on November 7, 2022, where ALR Technologies Inc. became a subsidiary of ALR Technologies SG Ltd. Existing common stock, options, and warrants were converted into equivalent ALR Singapore ordinary shares or related options and warrants at equivalent exercise prices.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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