T.I.I. - JETSERVICES, LDA Amends NutriBand Inc. Stake

TL;DR

T.I.I. - JETSERVICES, LDA just changed its NutriBand Inc. filing, watch this.

AI Summary

On September 19, 2024, T.I.I. - JETSERVICES, LDA filed an amendment to its Schedule 13D for NutriBand Inc. The filing indicates a change in beneficial ownership, with T.I.I. - JETSERVICES, LDA now holding a significant stake in the company. The specific percentage and number of shares are detailed within the full filing.

Why It Matters

This amendment signals a potential shift in control or influence over NutriBand Inc., which could impact its strategic direction and stock performance.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate significant strategic moves by investors, potentially leading to volatility.

Key Players & Entities

• T.I.I. - JETSERVICES, LDA (company) — Filing entity
• NutriBand Inc. (company) — Subject company
• Gareth Sheridan (person) — Authorized contact

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti
• $5,000,000 — t future principal amounts added to the $5,000,000 creditline note of the Issuer held by J
• $2,000,000 — rch 19, 2023, entered into a three-year $2,000,000 credit line facility with Jet Services,
• $2.00 — per share, of the Issuer at a price of $2.00 per share. 4. On April 19, 2024, the
• $8,400,000 — April 19, 2024, the Issuer completed an $8,400,000 equity financing with European investor
• $4.00 — quo;) of 2,100,000 Units, at a price of $4.00 per Unit, each Unit consisting of one s
• $6 — The Warrants have an exercise price of $6.43, are exercisable by payment of the e
• $520,000 — nd Nociata. on April 19, 2024, invested $520,000 and $2,100,000, respectively, of their
• $2,100,000 — n April 19, 2024, invested $520,000 and $2,100,000, respectively, of their corporate funds
• $300,000 — “Holder”) agreed to convert $300,000 of the outstanding principal and accrue
• $6.43 — xpiring May 14, 2029 and exercisable at $6.43 per share, to purchase 152,460 shares o

Filing Documents

• ea0207317-13da1tiijet_nutri.htm (SC 13D/A) — 90KB
• 0001213900-24-080124.txt ( ) — 92KB

Business

Beneficial of Shares Vitale Botgros CEO of Nociata Holding Limited, a Cyprus limited company, and ultimate beneficial owner of shares of Issuer owned by Jet Services and Nociata. Mr. Botgros is able to exercise control of such Reporting Persona through ownership of 100% of the outstanding shares of Nociata Holding Limited that in turn owns all of the outstanding shares of TII-Jet Services, LDA. (1) Romania 4,179,842 (2) Viorica Carlig President of Reporting Person TII Jet Services, LDA (3) Portugal 0 (1) The Jet Services and 1Apriliou, 47 Demetriou Bldg. 2,1st Floor, Flat/Office 12, 3117 Limassol, Cyprus for Nociata. (2) Nociata Holding Limited, the owner of all of the shares of the TII Jet Services, LDA, controls TII Jet Services LDA, and is the holder 525,000 shares of common stock in the Issuer purchased in the Issuer’s equity financing that was completed April 19, 2024, in which financing TII Jet Services, a Reporting Person, purchased 130,000 shares of common stock, (3) Ms. Carlig disclaims beneficial ownership of these shares of the Issuer’s common stock held by the Reporting Persons, TII Jet Services, LDA and Nociata Holding Limited*. Mr. Botgros is the beneficial owner of 100% of the shares of common stock of the Issuer held by the above two Reporting Persons.

View Full Filing

View this SC 13D/A filing on SEC EDGAR