Form 4: NuZee, Inc.: Significant Shareholding Changes Reported by Yumei Liu and Affiliates

Yumei Liu, a director and 10% owner of NuZee, Inc., along with affiliated entities, reports changes in beneficial ownership of common stock and warrants following a cashless exercise of warrants.

Summary

• Yumei Liu, a director and 10% owner of NuZee, Inc. (NUZE), filed a Form 4 detailing changes in beneficial ownership.
• The report indicates that Future Science & Technology Co. Ltd., indirectly owned by Yumei Liu, exercised a cashless option to purchase 20,990 shares of common stock on October 18, 2024, pursuant to warrants issued under a convertible note and warrant purchase agreement dated April 27, 2024.
• Following the transaction, Yumei Liu beneficially owns a total of 563,507 shares of common stock, including 20,990 shares held indirectly through Future Science & Technology Co. Ltd. and 542,517 shares held directly through JOYER INVESTMENT LIMITED.
• Yumei Liu also indirectly owns warrants exercisable for 82,930 shares of common stock through Future Science & Technology Co. Ltd.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a standard part of regulatory compliance for individuals with significant ownership in publicly traded companies, providing transparency into their transactions and holdings.

Stakeholder Impact

• Shareholders are informed about changes in ownership by key figures.
• The filing provides transparency to the market regarding insider transactions.

Key Dates

Keywords

Form 4, Beneficial Ownership, NuZee, NUZE, Yumei Liu, Future Science & Technology Co. Ltd., JOYER INVESTMENT LTD., Warrants, Common Stock, Director, 10% Owner