Genvor Inc (GNVR) officer discloses preferred stock holdings and conversions
Rhea-AI Filing Summary
Genvor Inc. director and Chief Research Officer Dr. Jesse Jaynes filed an initial Form 3 reporting his beneficial ownership in the company. As of August 25, 2023, he and his spouse jointly owned 476,762 shares of Series B Preferred Stock, which are convertible at the holder’s election into 10 shares of common stock each, for a total of 4,767,620 issuable common shares. He may also be deemed the beneficial owner of 200,000 additional Series B Preferred shares held by Jaynes Investment LLC, similarly convertible into 2,000,000 common shares. In addition, he owns 3 shares of Series A Preferred Stock, each convertible into 1 share of common stock.
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FAQ
What does Genvor Inc (GNVR) disclose about Dr. Jesse Jaynes’s role?
Dr. Jesse Jaynes is reported as a director of Genvor Inc and serves as an officer with the title of Chief Research Officer.
What Series B Preferred Stock does Dr. Jaynes report owning in Genvor Inc (GNVR)?
As of August 25, 2023, Dr. Jaynes and his spouse jointly owned 476,762 shares of Series B Preferred Stock, each share convertible at the holder’s election into 10 shares of Genvor common stock.
How many Genvor (GNVR) common shares are issuable from Dr. Jaynes’s jointly owned Series B Preferred Stock?
The 476,762 jointly owned Series B Preferred shares are convertible into 4,767,620 shares of common stock at the holder’s election.
What indirect Series B Preferred Stock interest does Jaynes Investment LLC hold in Genvor (GNVR)?
Dr. Jaynes may be deemed the beneficial owner of 200,000 shares of Series B Preferred Stock held in the name of Jaynes Investment LLC, convertible into 2,000,000 shares of common stock at the holder’s election.
What Series A Preferred Stock holdings does Dr. Jaynes report in Genvor Inc (GNVR)?
As of August 25, 2023, Dr. Jaynes owns 3 shares of Series A Preferred Stock, each convertible at the holder’s election into 1 share of common stock, for a total of 3 issuable common shares.
Is the Genvor (GNVR) Form 3 filed by one or multiple reporting persons?
The form is indicated as being filed by one reporting person, reflecting Dr. Jaynes’s beneficial ownership, including interests held through Jaynes Investment LLC.