Ralph Arthur, an insider of SPOTLIGHT INNOVATION, INC., has just filed an initial statement of beneficial ownership where 141,030 shares of SPOTLIGHT INNOVATION, INC. were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Arthur. Arthur operates out of Urbandale, IA. Some additional info was provided as follows:
The exercise price initially means 110% of the closing bid price of the common stock of the Issuer on the six month anniversary of the date of the original issuance date, as such price may be adjusted from time to time as shall result from the adjustments specified in the Warrant to Purchase Shares of Common Stock owned by the Reporting Person.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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