Major owner of Strategic Environmental & Energy Resources, Inc. just picked up 5,840,911 shares

Public Equities, Invus, a major owner of Strategic Environmental & Energy Resources, Inc., recently acquired 5,840,911 shares of the company. The buys took place at prices ranging from $0.00 to $19.00 per share, on December 08, 2020. Invus now owns 5,840,911 shares of the company. Invus operates out of New York, NY. Some additional info was provided as follows:


Each share of Series B Convertible Preferred Stock automatically converted into Class A Common Stock on a one-to-one basis without payment of further consideration immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock and had no expiration date.
Each share of Series C Convertible Preferred Stock automatically converted into Class A Common Stock on a one-to-on e basis without payment of further consideration immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock and had no expiration date.
Each share of Series D Convertible Preferred Stock automatically converted into Class A Common Stock on a one-to-one basis without payment of further consideration immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock and had no expiration date.
Each share of Series D-1 Convertible Preferred Stock automatically converted into Class A Common Stock on a one-to-one basis without payment of further consideration immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock and had no expiration date.
The shares are held directly by Invus Public Equities, L.P. The general partner of Invus Public Equities, L.P. is Invus Public Equities Advisors, LLC. Artal Treasury Ltd is the managing member of Invus Public Equities Advisors, LLC. Artal Treasury Ltd is a wholly owned subsidiary of the Geneva branch of Artal International S.C.A. The managing partner of Artal International S.C.A. is Artal International Management S.A., which is a wholly owned subsidiary of Artal Group S.A. Westend S.A. is the parent company of Artal Group, S.A., and the majority stockholder of Westend S.A. is Stichting Administratiekantoor Westend ("Stichting").
(Continued from Footnote 5) Mr. Pascal Minne is the sole member of the board of Stichting. Each of the Reporting Persons, other than Invus Public Equities L.P., disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such reporting person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Exchange Act, each of the reporting persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the Exchange Act or for any other purpose.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Departure of Directors or Certain - Oct. 13, 2021
Strategic Environmental & Energy Resources, Inc.'s Chief Financial Officer just cashed-in 10,000 options - Oct. 5, 2021

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