SYRE (SYRE) Rule 144 notice lists 378K, 3.64M, 666K shares tied to conversions

Rhea-AI Filing Summary

SYRE filing a notice of proposed sale of Common shares under Rule 144. The excerpt lists historical and planned dispositions tied to corporate events: 378,421 shares from a reverse merger (06/22/2023), 3,639,680 shares issued in exchange of Series A non-voting convertible preferred stock (04/25/2024), and 666,680 shares from conversion of Series B non-voting convertible preferred stock (06/23/2026). The cover lines show trade/agent details including 4,684,781 (numeric field) and an aggregate dollar figure $399,658,667.00 appearing in the excerpt.

Insights

Securities Compliance Analyst

Rule 144 notice lists specific block quantities tied to prior conversions and a reverse merger.

The excerpt documents proposed sales of Common stock related to a reverse merger and conversions of Series A and Series B non-voting convertible preferred stock, with explicit share counts and event dates. These entries are procedural disclosures required before restricted or control securities may be resold under Rule 144.

Cash‑flow treatment and the identities of sellers are not specified in the excerpt; subsequent filing or broker documentation will show placement method and timing.

Corporate Finance Associate

Several large share issuances appear as sources for the proposed resale quantities.

The excerpt shows 3,639,680 shares issued on 04/25/2024 and 666,680 on 06/23/2026 via preferred‑stock conversions, plus 378,421 from a 06/22/2023 reverse merger. These figures reflect supply that could become available for resale when Rule 144 conditions are met.

Whether resale occurs, the methods, and any lock‑up or holding‑period constraints are not included here.

Key Figures

Numeric field: 4,684,781 Aggregate dollar figure: $399,658,667.00 Reverse merger shares: 378,421 shares +3 more

6 metrics

Numeric field 4,684,781 cover-page numeric entry

Aggregate dollar figure $399,658,667.00 cover-page aggregate dollar field

Reverse merger shares 378,421 shares Acquired in reverse merger transaction on <date>06/22/2023</date>

Series A conversion shares 3,639,680 shares Exchange of Series A non‑voting convertible preferred stock on <date>04/25/2024</date>

Series B conversion shares 666,680 shares Conversion of Series B non‑voting convertible preferred stock on <date>06/23/2026</date>

Listed market NASDAQ Market designation on cover lines

Key Terms

reverse merger, non‑voting convertible preferred stock, Rule 144 / Form 144

3 terms

reverse merger corporate

"Acquired in reverse merger transaction on 06/22/2023"

A reverse merger is when a private company becomes publicly traded by combining with an already listed public shell company, allowing the private business to gain a stock market listing without going through a traditional IPO. Investors care because this shortcut can be faster and cheaper than an IPO but often comes with less regulatory vetting and market visibility, so it can mean higher uncertainty about valuation, financial transparency, and future liquidity.

non‑voting convertible preferred stock financial

"Exchange of Series A Non-Voting Convertible Preferred Stock into Common Stock"

Rule 144 / Form 144 regulatory

"Securities To Be Sold and Securities Sold During The Past 3 Months"

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Available on EDGAR 06/23/2026 - 09:58 PM Accepted by SEC EDGAR 06/23/2026 - 09:57 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	4684781	399658667.00	86841253	06/23/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	06/22/2023	Acquired in reverse merger transaction	Issuer			378421	06/22/2023	Acquired in reverse merger transaction
Common	04/25/2024	Exchange of Series A Non-Voting Convertible Preferred Stock	Issuer			3639680	04/25/2024	Exchange of Series A Non-Voting Convertible Preferred Stock into Common Stock
Common	06/23/2026	Conversion of Series B Non-Voting Convertible Preferred Stock	Issuer			666680	06/23/2026	Conversion of Series B Non-Voting Convertible Preferred Stock into Common Stock

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does SYRE's Form 144 disclose about shares available for sale?

It lists proposed resale quantities tied to corporate events: 378,421, 3,639,680, and 666,680 shares, with event dates 06/22/2023, 04/25/2024, and 06/23/2026

Are the proceeds or buyers identified in the SYRE excerpt?

No. The excerpt shows an aggregate dollar field $399,658,667.00 but does not state who will receive proceeds or the purchasers. Cash‑flow treatment is not specified in the provided text.

Do the listed share amounts originate from issuances or conversions?

Yes. The excerpt ties 3,639,680 shares to an exchange of Series A non‑voting convertible preferred stock on 04/25/2024 and 666,680 shares to a Series B conversion on 06/23/2026378,421 are linked to a reverse merger on 06/22/2023

Does this Form 144 mean shares will be sold immediately?

No. Form 144 is a notice of proposed sale under Rule 144; it does not confirm execution. Timing, sale method, and whether the transfers occur are not stated in the excerpt.

What broker or market venue is referenced in the filing excerpt?

The excerpt names Goldman Sachs & Co. LLC with an address and references NASDAQ. Specific execution instructions or placement terms are not provided in the text.