6M CalEthos (GEDC) warrants granted to SFO IDF LLC
Rhea-AI Filing Summary
CalEthos, Inc. reported that SFO IDF LLC, an entity managed by major shareholder Chauncey Lennis Thompson, was granted 6,000,000 warrants to purchase CalEthos common stock at an exercise price of $0.50 per share, expiring on April 30, 2032. The warrants were granted at $0.00 per warrant in consideration for a loan SFO IDF made to CalEthos under a promissory note.
The filing shows Thompson indirectly holds 9,074,386 shares of common stock through SFO IDF, plus existing options and multiple warrant positions over additional CalEthos shares. Thompson may be deemed to beneficially own these securities through his role with SFO IDF but disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Thompson Chauncey Lennis
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Warrants | 6,000,000 | $0.00 | $0.00 |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Warrants — 13,958,877 shares (Indirect, See Footnote);
Options — 750,000 shares (Indirect, See Footnote);
Common Stock — 9,074,386 shares (Indirect, See Footnote)
Footnotes (2)
- F1. The reported securities are owned by SFO IDF LLC ("SFO IDF"), a company of which the reporting person is the manager. As the manager of SFO IDF, the reporting person has the power to direct the voting and disposition of securities held in the name of SFO IDF and may be deemed to beneficially own the securities reported herein. The reporting person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein.
- F2. The reported transaction involves a grant of warrants by CalEthos, Inc. (the "Issuer") to SFO IDF in consideration for a loan made by SFO IDF to the Issuer pursuant to a promissory note issued by the Issuer to SFO IDF.
Key Figures
New warrants granted: 6,000,000 warrants
Warrant exercise price: $0.50 per share
Warrant expiration: April 30, 2032
+4 more
7 metrics
New warrants granted
6,000,000 warrants
Grant to SFO IDF LLC on April 23, 2026
Warrant exercise price
$0.50 per share
New 6,000,000 CalEthos warrants
Warrant expiration
April 30, 2032
New 6,000,000 CalEthos warrants
Indirect common shares held
9,074,386 shares
CalEthos common stock held through SFO IDF LLC
Options underlying shares
750,000 shares
Indirect options at $0.54 exercise price, expiring 2028
Existing warrant block
2,000,000 underlying shares
Indirect warrants at $0.54 exercise price, expiring 2028
Largest prior warrant block
2,258,877 underlying shares
Indirect warrants at $0.49 exercise price, expiring 2029
Key Terms
warrants, exercise price, promissory note, beneficially own, +1 more
5 terms
warrants financial
"The reported transaction involves a grant of warrants by CalEthos, Inc."
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
exercise price financial
"an exercise price of 0.5000"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
promissory note financial
"pursuant to a promissory note issued by the Issuer to SFO IDF"
A promissory note is a written IOU in which one party promises to pay a specific sum, often with interest, to another party by a set date or on demand. Investors care because it functions like a loan: it creates a legal claim on future cash flows, carries credit and timing risk, and can affect valuation or liquidity—think of it as a formal, tradable promise to be repaid that can be assessed like any other debt investment.
beneficially own financial
"may be deemed to beneficially own the securities reported herein"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did the CalEthos (GEDC) Form 4 disclose about new warrants?
The Form 4 disclosed a grant of 6,000,000 CalEthos warrants to SFO IDF LLC at an exercise price of $0.50 per share. These warrants were issued at no cost as consideration for a loan made to CalEthos under a promissory note.
Who received the 6,000,000 CalEthos (GEDC) warrants on this Form 4?
The 6,000,000 warrants were issued to SFO IDF LLC, an entity managed by reporting person Chauncey Lennis Thompson. Through his role as manager, Thompson can direct voting and disposition, but he disclaims beneficial ownership except to the extent of his pecuniary interest.
What are the key terms of the new CalEthos (GEDC) warrants?
The newly reported CalEthos warrants allow purchase of 6,000,000 common shares at a $0.50 exercise price and expire on April 30, 2032. The warrants were granted for $0.00 per warrant in connection with a loan evidenced by a promissory note.
What other derivative positions are reported for CalEthos (GEDC)?
The Form 4 lists indirect holdings of options and multiple warrant blocks over CalEthos common stock, including 750,000 underlying shares from options and several warrant series with exercise prices around $0.49–$0.54, each with stated future expiration dates extending through 2031 and 2032.
Why did CalEthos (GEDC) grant the new warrants to SFO IDF LLC?
The warrants were granted to SFO IDF LLC as consideration for a loan it made to CalEthos under a promissory note. This links the warrant grant directly to financing provided by SFO IDF, rather than an open-market purchase or sale transaction by the reporting person.