Mauricio Diaz, InfoSonics Corp's CEO and a director of the company, recently acquired 125,014 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on March 12, 2018. Diaz now owns 125,014 shares of the company. Diaz operates out of Miami, FL. Some additional info was provided as follows:
The shares were acquired pursuant to an Agreement and Plan of Merger dated July 25, 2017 (the "Merger Agreement"), pursuant to which a wholly-owned subsidiary of the issuer merged with and into Cooltech Holding Corp. ("Cooltech"), which Cooltech survived as a wholly-owned subsidiary of the issuer. Pursuant to the Merger Agreement, shares of Cooltech capital stock outstanding immediately prior to the Me
rger were cancelled and were automatically converted into the right to receive shares of the issuer's common stock.
The reported person disclaims beneficial ownership of the reported securities exept to the extent of his pecuniary interest therein.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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