Filing Details

Accession Number:
0001683168-21-000024
Form Type:
4/A
Zero Holdings:
No
Publication Time:
2021-01-05 16:16:51
Reporting Period:
2020-12-31
Accepted Time:
2021-01-05 16:16:51
Original Submission Date:
2021-01-05
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1162896 Wizard Brands Inc. WIZDD () 4/A
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1113835 L. Paul Kessler 662 N. Sepulveda Blvd.,
Suite 300
Los Angeles CA 90049
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value $0.0001 Per Share Disposition 2020-12-31 14,211 $0.61 2,657,721 No 4 P Indirect See footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See footnote
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Warrant $0.25 2016-12-02 2024-12-02 7,000,000 7,000,000 Indirect
Common Stock Convertible debenture $0.25 2016-12-02 2022-12-31 10,000,000 10,000,000 Indirect
Common Stock Options $0.25 15,000 15,000 Indirect
Common Stock Series A Convertible preferred stock $0.25 2020-08-03 3,525,000 3,525,000 Direct
Common Stock Options $0.25 43,250 43,250 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2024-12-02 7,000,000 7,000,000 Indirect
2022-12-31 10,000,000 10,000,000 Indirect
15,000 15,000 Indirect
3,525,000 3,525,000 Direct
43,250 43,250 Direct
Footnotes
  1. These shares were purchased by Bristol Investment Fund, Ltd., a Cayman Islands exempted company ("BIF") managed by Bristol Capital Advisors, LLC ("BCA"), a Delaware LLC, of which Mr. Kessler has voting and dispositive power over the shares beneficially owned.
  2. The total includes: (i) 2,589,986 shares owned by BIF, (ii) 24,450 shares owned by Bristol Capital, LLC ("BC"), a Delaware LLC of which Mr. Kessler has voting and dispositive power over the shares beneficially owned, (iii) 3,935 shares owned by Paul Kessler IRA Rollover, of which Mr. Kessler has voting and dispositive power over the shares beneficially owned, and (iv) 39,350 shares owned by Bristol Capital Advisors Pension and Profit Sharing, of which Mr. Kessler has voting and dispositive power over the shares beneficially owned. These share numbers reflect the 1-for-20 reverse stock split effectuated by the Issuer on February 27, 2020.
  3. In December 2016, BIF purchased from Issuer a $2,500,000 convertible debenture (with conversion price of $0.15) ("Debenture") and warrant to purchase 16,666,667 shares of common stock (with exercise price of $0.15) ("Warrant"). In December 2019, the Debenture's maturity date was extended to December 2021, the Warrant's expiration date was extended to December 2024, the conversion price and exercise price were adjusted to $0.125, and the number of Warrant shares became 20,000,000. BIF transferred 6,000,000 Warrant shares to another investor in December 2019 and retained 14,000,000 Warrant shares. Following a 1-for-20 reverse split in February 2020 and the repricing of the Debenture and Warrant in May 2020, the conversion price and exercise price are $0.25, the number of shares underlying the Debenture is 10,000,000 and the number of shares underlying the Warrant is 7,000,000. In May 2020, the Debenture's maturity date was extended to December 2022.
  4. The Issuer has issued stock options for 300,000 shares to BC pursuant to its stock award plans, with an adjusted exercise price of $0.25, expiring on December 29, 2021 as disclosed in the Issuer's 10K report. Following the 1-for-20 reverse stock split, the stock options are for 15,000 shares.
  5. The Issuer has issued 88,125 Series A Preferred Shares to Paul Kessler as payment of outstanding debt owed to Mr. Kessler. These Series A shares have a stated value of $10 per share and are convertible into common stock at a price per share of $0.25. The Issuer has also granted options for 865,000 shares to Paul Kessler pursuant to its Stock Incentive and Award Plans, as amended. Following the 1-for-20 reverse stock split, the options are for 43,250 shares with an adjusted exercise price of $0.25.
  6. N/A