143764108
| Item 3. | If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: |
| | (a) | ☐ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); |
| | (b) | ☐ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); |
| | (c) | ☐ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); |
| | (d) | ☐ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
| | (e) | ☐ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
| | (f) | ☐ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
| | (g) | ☐ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); |
| | (h) | ☐ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| | (i) | ☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
| | (j) | ☐ Group, in accordance with §240.13d-1(b)(1)(ii)(J). |
The information requested in this item is incorporated herein by reference to the cover pages to this Schedule 13G.
6,955,772 shares of Common Stock of the Issuer are being reported as beneficially owned by the Reporting Persons because the Reporting Persons are deemed to beneficially own such shares as a result of their direct ownership of 3,477,886 shares of Preferred Stock, which are entitled to 0.8 votes per share (2,782,309 votes) and convertible into 6,955,772 shares of Common Stock in connection with a bona fide transfer to a third party.
Based on 67,533,800 shares of Common Stock of the Issuer that were outstanding as reported by the Issuer in its Quarterly Report on Form 10-Q and filed with the SEC on November 16, 2020, and assuming the Reporting Persons converted all 3,477,886 shares of Preferred Stock into 6,955,772 shares of Common Stock in connection with a bona fide transfer to a third party and no other holders of shares of Preferred Stock have elected to convert, the 6,955,772 shares of the Issuer’s common stock reported as being beneficially owned by the Reporting Persons in this Schedule 13G would represent approximately 9.3% of the outstanding common stock of the Issuer.
| Item 5. | Ownership of Five Percent or Less of a Class. |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. ☐
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
Not applicable.
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. |
Not applicable.
