ALR Technologies SG insider reports 10M share option
ALR Technologies SG Ltd. reported that Corporate Secretary Benjamin Szeto holds a stock option linked to the company’s ordinary shares.
Rhea-AI Filing Summary
ALR Technologies SG Ltd. reported that Corporate Secretary Benjamin Szeto holds a stock option linked to the company’s ordinary shares. The option covers 10,000,000 underlying ordinary shares at an exercise price of $0.01 per share and expires on June 30, 2028.
The filing explains that this option was converted in connection with a prior redomicile merger, where securities of ALR Technologies Inc. were exchanged for equivalent securities of ALR Technologies SG Ltd. There are no new purchases or sales; this Form 3 mainly records Szeto’s existing derivative position.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option | -- | -- | -- |
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
Key Terms
Stock Option financial
Redomicile Merger regulatory
beneficially owned financial
FAQ
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What does Benjamin Szeto’s Form 3 for ALRTF disclose?
What is the exercise price and expiry of Szeto’s ALRTF stock option?
How did the ALR redomicile merger affect Szeto’s equity awards?
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