BioAdaptives director acquires 33,334 preferred shares
Each outstanding preferred share carries 100 votes at stockholder meetings or consent solicitations, regardless of the 4.9% beneficial ownership limitation.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Mark P. Frissora, a director of BioAdaptives, Inc. (BDPT), acquired 33,334 shares of Series D Convertible Preferred Stock as compensation for board services under an agreement dated February 3, 2025, bringing his direct holdings to 188,599 preferred shares. The acquired shares are convertible into 3,333,400 common shares at 100 common shares per preferred share, subject to a 4.9% beneficial ownership limitation. No Rule 10b5-1 plan is reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Series D Convertible Preferred Stock F2, F1 | 33,334 | -- | -- |
Footnotes (2)
- F1. Represents shares of Series D Convertible Preferred Stock issued as compensation for board services pursuant to that certain Board of Directors Agreement, dated February 3, 2025, between the Issuer and theReporting Person.
- F2. The Reporting Person's shares of Series D Convertible Preferred Stock, par value $0.0001 per share, are convertible into shares of common stock, par value $0.0001 per share, at a ratio of 100 shares ofcommon stock for each share of Series D Convertible Preferred Stock, subject to a 4.9% beneficial ownership limitation. No shares of Series D Convertible Preferred Stock may be converted until six monthsafter the date of issuance, except in the case of liquidation, whereupon the conversion will occur immediately. Each share of Series D Convertible Preferred Stock outstanding at the time of a meeting ofstockholders or a solicitation of consent is entitled to 100 votes on matters of the Issuer, without regard to the beneficial ownership limitation. The right to convert does not expire.
Key Figures
Key Terms
Series D Convertible Preferred Stock financial
beneficial ownership limitation financial
par value financial
solicitation of consent regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
AI-generated analysis. How Rhea-AI works. Not financial advice.