Large CRSF holder Jakota Games & Reels sells 150M shares at $0.10
Rhea-AI Filing Summary
Crisp Momentum Inc. reported an insider transaction where major shareholder Jakota Games & Reels, an entity ultimately associated with Norman Hansen, sold 150,000,000 shares of common stock in an open-market or private sale at $0.10 per share, for an aggregate price of about $15,000,000. After this sale, the reporting ownership position stands at 94,295,648 shares of common stock.
Positive
- None.
Negative
- A ten percent owner entity associated with Norman Hansen completed a large open-market or private sale of 150,000,000 Crisp Momentum common shares at $0.10 per share, materially reducing its reported holdings.
Insights
Large shareholder entity associated with Norman Hansen sold 150M Crisp Momentum shares.
A major holder of Crisp Momentum Inc., Jakota Games & Reels, executed an open-market or private sale of 150,000,000 common shares at $0.10 per share, for total proceeds of about $15,000,000. The transaction is classified as a sale under code S.
The filing notes that Norman Hansen is the principal and ultimate beneficial owner of Jakota Games & Reels SAS and that he disclaims beneficial ownership except to the extent of his pecuniary interest. After the sale, the reported holding is 94,295,648 common shares, so this remains a sizable stake.
Because this is a substantial disposition by a ten percent owner, some investors may view it as a notable change in insider exposure, though the filing does not state any reason for the transaction. Future company filings may provide additional context for changes in significant shareholdings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.0001 | 150,000,000 | $0.10 | $15.00M |
Footnotes (1)
- The shares were sold to a third party for an aggregate purchase price of approximately $15,000,000 (price per share of $0.10). The principal and ultimate beneficial owner of Jakota Games and Reels SAS is Norman Hansen. Mr. Hansen disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.