Jun. 6 at 10:25 AM
$SGD potential massive dilution, but there should be a lockup period of at peast 6 months for these shares
„In connection with the closing of the acquisition of Resource Group, SGD issued to the members of Resource Group (the "Equityholders") an aggregate of: (i) 376,818 shares of SGD's common stock, representing 19.99% of SGD's issued and outstanding shares on the initial execution date of the Resource Group Membership Interest Purchase Agreement; (ii) 1,500,000 shares of a newly designated series of non-voting Series A Convertible Preferred Stock (the "Series A Preferred Stock") (which, subject to the approval of SGD's stockholders, will be convertible into 9,000,000 restricted shares of SGD's common stock); and (iii)
$480,000 in principal amount of unsecured 6% promissory notes due on the first anniversary of the closing. In addition, SGD agreed to issue an additional 41,182 shares of SGD's common stock, subject to the approval of SGD's stockholders“
