Cristopher Grunewald, an insider of SPOTLIGHT INNOVATION, INC., recently disposed of 1,618,627 shares of the company. The disposals took place at $0.00 per share, on May 22, 2017. Grunewald still owns 4,000,000 shares of the company. Grunewald operates out of Urbandale, IA. Some additional info was provided as follows:
The shares were cancelled by mutual agreement of the Reporting Person and the Company.
The Reporting Person received warrants to purchase up to 500,000 shares of common stock of the Company in connection with the Reporting Person entering into a Consulting Agreement with the Company. The warrants are exercisable at $1.25 per share for a term of three years.
The above information was disclosed in a filing to the SEC. To se e the filing, click here.
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