4/A: Altair International Corp. Director Leonard Lovallo Amends SEC Filing to Correct Share Count

Leonard Lovallo, a director and President of Altair International Corp., amended a previous SEC filing to correct a clerical error regarding the number of shares acquired in a transaction on January 19, 2022.

Summary

• Leonard Lovallo, a director and President of Altair International Corp., filed an amendment to a Form 4 with the SEC.
• The amendment corrects a clerical error in the original filing from February 1, 2022, regarding a transaction on January 19, 2022.
• The error involved the number of shares acquired, which was incorrectly stated as 1,000,000 instead of the correct value of 10,000,000.
• The corrected filing shows that Lovallo directly owns 39,280,000 shares of Altair International Corp. common stock after acquiring 10,000,000 shares on January 19, 2022, at a price of $0.001 per share and disposing of 150,000 shares on January 26, 2022, at a price of $0.0307.
• The filing notes that these values were prior to the company's 1:25 reverse split which occurred on March 15, 2023.

Sentiment

Score: 7

Explanation: The document is a routine correction of a clerical error in an SEC filing. While not inherently positive or negative, the correction ensures accuracy and transparency, which is generally viewed favorably.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is important for investors to monitor these filings to understand the actions of key individuals within the company.

Stakeholder Impact

• The correction of the share count ensures accurate information for shareholders.

Key Dates