Form 4: NuZee, Inc. Insider Zhang Xiang Converts Convertible Notes into Common Stock

Reporting person Zhang Xiang converted convertible notes into 139,357 shares of NuZee, Inc. common stock on June 12, 2024.

Summary

• On June 12, 2024, Zhang Xiang converted convertible notes into 139,357 shares of NuZee, Inc. common stock.
• The conversion price was $1.447 per share.
• The convertible promissory note, dated April 30, 2024, allows for conversion into common stock until fully paid.
• The note's maturity date is April 30, 2025, at which point the issuer will pay all outstanding principal, interest, and other amounts in cash.

Sentiment

Score: 5

Explanation: This is a neutral event, simply reflecting the execution of a pre-existing agreement. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The convertible note can be converted into common stock until it is fully paid, or until the maturity date of April 30, 2025.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The conversion of notes into common stock may slightly dilute existing shareholders' equity.

Key Dates

Keywords

Form 4, Insider Trading, Beneficial Ownership, Convertible Notes, Common Stock, NUZE, NuZee, Inc., Zhang Xiang