SEC Form 4
FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol NextPlay Technologies Inc. [ NXTP ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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3. Date of Earliest Transaction (Month/Day/Year) 06/30/2021 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 06/30/2021 | A | 1,000,000 | A | (1) | 1,000,000 | D | |||
Common Stock | 05/02/2022 | J(2) | 1,666,667 | A | (2) | 1,666,667(2) | I | By Fighter Base Publishing, Inc.(2) | ||
Common Stock | 05/02/2022 | J(3) | 1,250,000 | A | (3) | 1,250,000(3) | I | By Token IQ, Inc.(3) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
1. The Reporting Person received the shares in exchange for shares of HotPlay Enterprise Limited ("HotPlay") common stock in connection with the acquisition of HotPlay by the Issuer (the "HotPlay Acquisition"). On the effective date of the HotPlay Acquisition, the closing price of the Issuer's common stock was $2.00 per share. |
2. On August 19, 2021, the Issuer and Fighter Base Technologies, Inc. ("Fighter Base") entered into an Intellectual Property Purchase Agreement, pursuant to which the Issuer agreed to issue Fighter Base 1,666,667 shares of the Issuer's common stock upon closing as compensation for the purchase by the Issuer of certain assets of Fighter Base (the "Fighter Base Acquisition"); the Fighter Base Acquisition was approved by the Issuer's board of directors. Consummation of the Fighter Base Acquisition, and issuance of the shares, was contingent upon shareholder approval of the Fighter Base Acquisition, which was obtained on January 28, 2022, and certain other closing conditions. The Fighter Base Acquisition closed on May 2, 2022, at which time the shares were issued to Fighter Base. The Reporting Person is the Chief Executive Officer and a majority shareholder of Fighter Base. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. |
3. On August 19, 2021, the Issuer and Token IQ, Inc. ("Token IQ") entered into an Intellectual Property Purchase Agreement, pursuant to which the Issuer agreed to issue Token IQ 1,250,000 shares of the Issuer's common stock upon closing as compensation for the purchase by the Issuer of certain assets of Token IQ (the "Token IQ Acquisition"); the Token IQ Acquisition was approved by the Issuer's board of directors. Consummation of the Token IQ Acquisition, and issuance of the shares, was contingent upon shareholder approval of the Token IQ Acquisition, which was obtained on January 28, 2022, and certain other closing conditions. The Token IQ Acquisition closed on May 2, 2022, at which time the shares were issued to Token IQ. The Reporting Person is the Chief Executive Officer and a majority shareholder of Token IQ. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. |
/s/ Mark Vange | 05/04/2022 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |