[Form 3] Sunshine Silver Mining & Refining Co Initial Statement of Beneficial Ownership
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Sunshine Silver Mining & Refining Co director Erfan Ali filed an initial ownership report showing indirect stakes in the company. The filing lists 346,160 shares of common stock held indirectly through Ajami Associates Limited, where Ali is a director and may be deemed to beneficially own these securities.
The filing also reports indirect ownership of warrants on 62,500 shares of common stock, with an exercise price of $5.00 per share and an expiration date of September 30, 2027. Each warrant is exercisable for one common share starting from the later of two years after purchase or six months following the company’s initial public offering.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Erfan Ali
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrants | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Warrants — 62,500 shares (Indirect, By Ajami Associates Limited);
Common Stock — 346,160 shares (Indirect, By Ajami Associates Limited)
Footnotes (1)
- The reporting person is a director of Ajami Associates Limited and may be deemed to beneficially own securities held by Ajami Associates Limited. Each warrant is exercisable for one share of common stock until the later of two years from the date of purchase or six months after the completion of the Issuer's initial public offering.
Key Figures
Indirect common shares: 346,160 shares
Warrant underlying shares: 62,500 shares
Warrant exercise price: $5.00 per share
+1 more
4 metrics
Indirect common shares
346,160 shares
Total common stock held indirectly via Ajami Associates Limited
Warrant underlying shares
62,500 shares
Common stock underlying indirectly held warrants
Warrant exercise price
$5.00 per share
Exercise price of indirectly held SSMR warrants
Warrant expiration date
September 30, 2027
Expiration of indirectly held SSMR warrants
Key Terms
beneficially own, warrants, initial public offering
3 terms
beneficially own financial
"may be deemed to beneficially own securities held by Ajami Associates Limited"
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.
warrants financial
"Each warrant is exercisable for one share of common stock"
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.
initial public offering financial
"six months after the completion of the Issuer's initial public offering"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
