Crisp Momentum (CRSF) director Clive Ng reclaims 148.7M shares via settlement
Rhea-AI Filing Summary
Crisp Momentum Inc. (CRSF) disclosed that major shareholder and director Clive Ng has re-acquired beneficial ownership of 148,688,707 shares of common stock effective November 7, 2025. The filing explains that these shares, held by Direct Knight Finance S.a.r.l. ("DKF"), were returned to him for no cash consideration under a settlement agreement that satisfied obligations through in-kind transfers.
The transaction is described as a return of previously pledged shares rather than a purchase or sale at a determinable price. Ng’s ownership is indirect: he owns 100% of C Digital Libraries Inc., which is the beneficial owner of DKF, and he is reported as both a director and a 10% stockholder of Crisp Momentum based on this structure.
Positive
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Negative
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Insights
Large block of pledged Crisp Momentum shares returned to insider via in-kind settlement.
The disclosure shows that Clive Ng, a director and 10% owner of Crisp Momentum Inc., has again become the beneficial owner of 148,688,707 common shares effective November 7, 2025. The filing describes this as a return of previously pledged shares held by Direct Knight Finance S.a.r.l. ("DKF"), rather than a new purchase or sale.
The shares were transferred back for no cash consideration under a settlement agreement that provided for satisfaction of obligations through in-kind transfers. Economically, that means there is no new cash entering or leaving Crisp Momentum in connection with this change; it is a shift in who is treated as the beneficial owner. Ng’s indirect control runs through his 100% ownership of C Digital Libraries Inc., which is the beneficial owner of DKF.
The filing confirms Ng’s status as both director and 10% stockholder based on this structure. The impact on trading dynamics or governance will depend on how this large block is voted or potentially transacted in the future, but the document itself is limited to recording the change in beneficial ownership and the non-cash nature of the settlement transfer.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock, par value $0.0001 | 148,688,707 | $0.00 | -- |
Footnotes (1)
- On August 13, 2024, Clive Ng filed a Form 4 reporting that he ceased to have any direct or indirect interests in DKF. However, effective as of November 7, 2025, Clive Ng subsequently re-acquired his direct or indirect interests in DKF and is again the beneficial owner of the shares held by DKF. The shares were returned to the reporting person for no cash consideration pursuant to a settlement agreement providing for the satisfaction of obligations through in-kind transfers. The transaction reflects a return of previously pledged shares and does not represent a purchase or sale at a determinable price. The 148,688,707 shares of common stock are held directly by Direct Knight Finance S.a.r.l ("DKF"). Clive Ng is a director and 10% stockholder as a result of his indirect ownership in DKF. Mr. Ng is the 100% owner of C Digital Libraries Inc., a Delaware corporation, which in turn, is the beneficial owner of DKF.