FIEE 10% holder converts note into 981,649 shares
Elements Corporate Services Limited, a 10% owner of FIEE, Inc., converted a convertible note into common stock.
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Rhea-AI Filing Summary
Elements Corporate Services Limited, a 10% owner of FIEE, Inc., converted a convertible note into common stock. On 10/27/2025, a note with a price of $245,412.25 (including interest) and a conversion price of $0.25 per share was exchanged for 981,649 shares of common stock.
Following the conversion, Elements Corporate Services Limited directly owned 981,649 common shares. The related derivative position in the convertible note was reduced to zero. Footnotes state that Wong Man Ching, as sole director and sole shareholder of Elements, may be deemed to have beneficial ownership of these securities.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Convertible Note | 0 | $0.00 | $0.00 |
| Conversion | Common Stock | 981,649 | $0.25 | $245K |
Footnotes (2)
- F1. The securities are owned directly by Elements Corporate Services Limited, a Hong Kong limited company ("Elements"). Wong Man Ching is the sole director and sole shareholder of Elements, and as a result, Ms. Wong may be deemed to have beneficial ownership of the securities held by Elements.
- F2. This figure includes interest.
FAQ
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What insider transaction did FIEE 10% holder report on this Form 4?
What were the key terms of the FIEE convertible note that was converted?
What was the transaction code used in this FIEE Form 4 filing?
What happened to the FIEE convertible note position after conversion?
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