Form 4: ChromaDex Corp. Sees Significant Ownership Changes as Brilliant Dynasty Acquires Share Capital in August 2024 Transaction
SEC Form 4
A series of transactions involving ChromaDex Corp. common stock reveals a shift in beneficial ownership, with Brilliant Dynasty Limited acquiring share capital from Prime Tech and Alpha Mount Limited.
Summary
- On August 20, 2024, Brilliant Dynasty Limited entered into a securities purchase agreement to acquire all share capital of Champion River Ventures Limited, Winsave Resources Limited, and Radiant Treasure Limited from Prime Tech Global Limited and Alpha Mount Limited for $32,058,489.15.
- Champion River, Winsave, and Radiant beneficially owned 7,940,937, 3,088,433, and 379,345 shares of ChromaDex Corp. common stock, respectively, at the time of the agreement.
- Following the reported transaction, Pioneer Step Holdings Limited directly beneficially owns 6,917,783 shares, Dvorak International Limited owns 420,000 shares, Skyinvest Associates Limited owns 547,858 shares, Champion River owns 7,940,937 shares, Winsave owns 3,088,433 shares, and Radiant Treasure owns 379,345 shares.
- Elgar International Limited is the sole shareholder of Brilliant Dynasty and may be deemed to beneficially own the shares held by Champion River, Winsave, and Radiant upon completion of the August 2024 Transaction.
- Chau Hoi Shuen Solina Holly is the sole shareholder of Pioneer Step, Dvorak International, Skyinvest Associates, and Elgar International, and may be deemed to beneficially own the shares held by these entities, as well as Champion River, Winsave, and Radiant.
Sentiment
Score: 5
Explanation: The document is a regulatory filing detailing changes in beneficial ownership, so the sentiment is neutral. It doesn't inherently indicate positive or negative news for the company.
Industry Context
This announcement reflects activity in the market for corporate control and investment, specifically involving the acquisition of share capital in ChromaDex Corp. It is common for investment firms and individuals to hold shares through various entities, and this filing discloses the complex ownership structure.
Stakeholder Impact
- The change in beneficial ownership could potentially impact shareholders depending on the future actions of the new controlling entities.
- Employees may be indirectly affected depending on any strategic shifts resulting from the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 09/30/2022 | Date of Earliest Transaction (Month/Day/Year) |
| 08/20/2024 | Date of securities purchase agreement between Brilliant Dynasty Limited, Prime Tech Global Limited, and Alpha Mount Limited. |
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