Form 3: Bruce Bernstein Files Indirect Ownership of 23 QCLS Shares
Rhea-AI Filing Summary
Bruce Bernstein, a director, filed an Initial Statement of Beneficial Ownership reporting an indirect interest in Q/C Technologies, Inc. (QCLS). The form states a beneficial interest in 23 common shares held indirectly through Stormy Monday LLC. It also reports warrants dated 11/17/2020 that expire 05/18/2026 covering 23 underlying common shares with a listed exercise price of
Positive
- Timely disclosure of director's ownership via Form 3, showing compliance with reporting rules
- Clear identification of indirect ownership through Stormy Monday LLC, including pecuniary interest disclaimer
Negative
- Holding size is minimal at 23 shares, implying limited economic or voting influence
- High listed exercise price of
$12,360 for warrants may limit likelihood of near-term exercise
Insights
Director reports a small, indirect stake via an LLC and outstanding warrants.
The filing documents that Bruce Bernstein holds an indirect interest in 23 common shares of Q/C Technologies through Stormy Monday LLC. It also lists warrants exercisable from
This disclosure is routine under Section 16(a) and signals compliance with insider-reporting rules; the holding size is small and therefore unlikely to change control dynamics in the near term. Monitor warrant expiry on