VFTG, L.P. discloses large TG-17, Inc. (OBAI) common and preferred holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
VFTG, L.P. filed an initial statement of beneficial ownership as a more than 10% owner of TG-17, Inc. (OBAI). The filing reports direct ownership of 2,503,431 shares of common stock.
VFTG, L.P. also directly holds Series B-1 Convertible Preferred Stock convertible into 3,114,460 shares of common stock at an exercise price of $0.4875 per share and Series B-3 Convertible Preferred Stock convertible into 389,457 shares of common stock at $0.4875 per share. The preferred stock series do not have an expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
VFTG, L.P.
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series B-1 Convertible Preferred Stock | -- | -- | -- |
| holding | Series B-3 Convertible Preferred Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Series B-1 Convertible Preferred Stock — 3,114,460 shares (Direct);
Series B-3 Convertible Preferred Stock — 389,457 shares (Direct);
Common Stock — 2,503,431 shares (Direct)
Footnotes (1)
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FAQ
What does the Form 3 filing by VFTG, L.P. reveal for OBAI?
The Form 3 shows VFTG, L.P. as a more than 10% owner of TG-17, Inc. (OBAI). It reports significant direct holdings of common and convertible preferred stock, establishing VFTG, L.P. as a major existing shareholder rather than reporting a new purchase or sale.
What are VFTG, L.P.’s holdings of OBAI Series B-1 Convertible Preferred Stock?
VFTG, L.P. holds Series B-1 Convertible Preferred Stock that is convertible into 3,114,460 shares of TG-17, Inc. common stock at an exercise price of $0.4875 per share, providing a large additional potential common equity position if fully converted.
What are VFTG, L.P.’s holdings of OBAI Series B-3 Convertible Preferred Stock?
VFTG, L.P. holds Series B-3 Convertible Preferred Stock convertible into 389,457 shares of TG-17, Inc. common stock at an exercise price of $0.4875 per share, adding further potential common stock exposure through convertible securities reported on the Form 3.
Is VFTG, L.P.’s OBAI ownership reported as direct or indirect?
All holdings disclosed for VFTG, L.P. in TG-17, Inc. are reported as direct ownership. The Form 3 lists common stock and both Series B-1 and B-3 Convertible Preferred Stock under direct beneficial ownership, with no indirect ownership structures indicated in the filing.