04/29/2026 | Press release | Distributed by Public on 04/29/2026 12:45
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FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | |||
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1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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DRESCHER REID H 1801 N.E. 123RD ST., SUITE 314 NORTH MIAMI,, FL 33181 |
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| /s/ Reid H. Drescher | 04/29/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Shares are held in a Roth IRA for the benefit of the Reporting Person at Fidelity Investments (custodian: Fidelity Management Trust Company). The Reporting Person has sole investment discretion over the account. |
| (2) | Shares are held of record by Spencer Clarke Management LLC, a Delaware limited liability company of which the Reporting Person is the sole member and manager. The Reporting Person has sole voting and investment power over such shares and may be deemed to beneficially own such shares. |
| (3) | Shares are held of record by Gateway Privileged Investing LLC, a Delaware limited liability company of which the Reporting Person is the sole member and manager. The Reporting Person has sole voting and investment power over such shares and may be deemed to beneficially own such shares. |
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Remarks: The Reporting Person became a 10% beneficial owner of the Issuer's common stock as of April 2, 2026, the effective date of the cancellation by the Issuer of 253,292,210 shares of common stock pursuant to a Settlement Agreement and General Mutual Release dated February 16, 2026 between the Issuer and the Vivos Parties (as defined in the Issuer's Current Report on Form 8-K). The Reporting Person did not acquire any securities of the Issuer in connection with such event. The Reporting Person's beneficial ownership exceeded 10% of the Issuer's outstanding common stock solely as a result of the resulting reduction in shares outstanding. |
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