GEVI Form 3: Insider holds 1,815,155 pref, 1,500,000 common
General Enterprise Ventures (GEVI) filed a Form 3 reporting Craig A. Huff’s initial beneficial ownership as of 03/17/2025.
Rhea-AI Filing Summary
General Enterprise Ventures (GEVI) filed a Form 3 reporting Craig A. Huff’s initial beneficial ownership as of 03/17/2025. He directly holds 1,815,155 shares of Series A Preferred Stock and 1,500,000 shares of Common Stock. Derivative positions include Series C Convertible Preferred Stock convertible into 13,000,000 shares of Common Stock, a Convertible Note convertible into 5,500,000 shares of Common Stock at $0.4 per share expiring 02/28/2026, and a Warrant for 2,500,000 shares at $0.5 expiring 02/28/2030.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series C Convertible Preferred Stock | -- | -- | -- |
| holding | Convertible Note | -- | -- | -- |
| holding | Warrant | -- | -- | -- |
| holding | Series A Preferred Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Each share of Series C Convertible Preferred Stock is convertible at any time at the option of the holder into 20 shares of Common Stock. The Series C Convertible Preferred Stock has no expiration date.
- F2. At any time while the Convertible Note remains outstanding, the Convertible Note is convertible at the whole, but not part of, outstanding principal plus all accrued and unpaid interest into shares of Common Stock at the conversion rate of $0.4 per share at the Reporting Person's election or automatically upon certain occurrences relating to the price of Common Stock. The reported amount includes shares of Common Stock issuable upon the conversion of interest that accrues at a rate of 10% per annum, payable in kind.
- F3. The Warrant is exercisable at any time by the Reporting Person prior to its expiration.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did GEVI (GEVI) disclose in this Form 3?
What are the key derivative securities reported?
What are the conversion or exercise terms?
Is the Series C Preferred time-limited?
What is the event date for this ownership report?
AI-generated analysis. How Rhea-AI works. Not financial advice.