Skillful Craftsman (NASDAQ: EDTK) CEO discloses preferred and ordinary stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Skillful Craftsman Education Technology Ltd director and Chief Executive Officer Bin Fu reported his initial ownership position. He directly holds 1,000,000 Series A Preference Shares and 330,000 Ordinary Shares of the company.
Each Series A Preference Share is convertible into one Ordinary Share at the holder's option and carries 50 votes at the company’s general meetings, giving these preferred shares significantly higher voting power than ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
FU BIN
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Share | -- | -- | -- |
| holding | Series A Preference Share | -- | -- | -- |
Holdings After Transaction:
Ordinary Share — 330,000 shares (Direct, null);
Series A Preference Share — 1,000,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Series A Preference Shares held: 1,000,000 shares
Ordinary Shares held: 330,000 shares
Series A conversion ratio: 1:1 into Ordinary Share
+1 more
4 metrics
Series A Preference Shares held
1,000,000 shares
Directly owned by Bin Fu as reported on Form 3
Ordinary Shares held
330,000 shares
Directly owned by Bin Fu as reported on Form 3
Series A conversion ratio
1:1 into Ordinary Share
Each Series A Preference Share convertible at holder's option
Series A voting power
50 votes per share
Voting rights at general meetings for each Series A Preference Share
Key Terms
Series A Preference Share, convertible, votes at the general meetings
3 terms
convertible financial
"Each Series A Preference Share is convertible into one ordinary share of the Issuer at the holder's option."
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
votes at the general meetings financial
"Each Series A preference Share has 50 votes at the general meetings of the Issuer."
FAQ
What did EDTK CEO Bin Fu report on this Form 3 filing?
Bin Fu reported his initial ownership in Skillful Craftsman Education Technology Ltd. He disclosed holdings of Series A Preference Shares and Ordinary Shares, establishing his equity and voting position as a director and Chief Executive Officer of EDTK.