Large note and warrant tied to OneMeta Inc. (ONEI) disclosed
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
OneMeta Inc. insider Paul Jarman, reporting as a 10% owner, has filed an initial statement of beneficial ownership showing indirect holdings through Jarman Family Holdings, LLC. The LLC holds a convertible note that can be turned into 12,500,000 shares of common stock at a conversion price of $0.08 per share. The note bears 14% interest and matures on October 31, 2028, so the eventual share count could rise as interest accrues. The LLC also holds a warrant to buy up to 3,000,000 common shares at an exercise price of $0.001 per share, exercisable at any time until October 31, 2030. Jarman and his wife own 100% of the LLC and he has sole voting and dispositive power over these securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
JARMAN PAUL
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Convertible Note | -- | -- | -- |
| holding | Warrant (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Convertible Note — 12,500,000 shares (Indirect, By Jarman Family Holdings, LLC);
Warrant (Right to Buy) — 3,000,000 shares (Indirect, By Jarman Family Holdings, LLC)
Footnotes (1)
- The securities are held by Jarman Family Holdings, LLC ("JFH"). The Reporting Person is the beneficial owner of 100% of the interests in JFH jointly with his wife, is the managing member, and has sole voting and dispositive power over and may be deemed to beneficially own such shares held by JFH. Pursuant to a Note and Warrant Purchase Agreement dated as of October 31, 2025 and effective November 3, 2025 (the "NWPA"), the Registrant issued JFH a $1,000,0000 convertible note (the "Note") which is convertible at the election of the holder at a conversion price of $0.08 and bears interest at the rate of 14%. The Note matures on October 31, 2028. The number of shares reported represents the principal amount divided by the conversion price, and the ultimate conversion amount will include additional shares representing accrued interest. Pursuant to the NWPA, JFH acquired a warrant to purchase up to 3,000,000 shares of Common Stock, with an exercise price of $0.001 per share (the "Warrant"). The Warrant may be exercised at any time and expires on October 31, 2030.
FAQ
What insider position does Paul Jarman report in OneMeta Inc. (ONEI)?
Paul Jarman reports as a 10% owner of OneMeta Inc. through Jarman Family Holdings, LLC. This initial statement lists his indirect beneficial ownership of a large convertible note and warrant that together reference substantial amounts of OneMeta common stock.
What are the key terms of the OneMeta (ONEI) convertible note held by Jarman Family Holdings?
Jarman Family Holdings holds a $1,000,0000 convertible note that can convert into 12,500,000 OneMeta common shares at $0.08 per share. The note bears 14% interest and matures on October 31, 2028, so accrued interest may increase the final share amount.
What stock warrant linked to OneMeta Inc. (ONEI) does Jarman Family Holdings own?
Jarman Family Holdings owns a warrant to purchase up to 3,000,000 OneMeta common shares at an exercise price of $0.001 per share. The warrant may be exercised at any time and expires on October 31, 2030, providing long-dated potential equity exposure.
What agreement created the convertible note and warrant tied to OneMeta Inc. (ONEI)?
Both instruments arise from a Note and Warrant Purchase Agreement dated October 31, 2025 and effective November 3, 2025. Under this agreement, OneMeta issued the $1,000,0000 convertible note to Jarman Family Holdings and granted the warrant for up to 3,000,000 common shares.
On what date did the ownership event in the OneMeta (ONEI) Form 3 occur?
The event requiring the ownership statement is dated November 3, 2025. On that effective date, under the Note and Warrant Purchase Agreement, OneMeta Inc. issued the convertible note and associated stock warrant to Jarman Family Holdings, LLC, leading to the reported beneficial holdings.