06/30/2026 | Press release | Distributed by Public on 06/30/2026 19:16
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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. | |||
| 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. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Convertible Promissory Note(1) | $0.07 | 06/26/2026 | P | $500,000(2) | 06/26/2026 | 06/30/2031 | Common Stock | 7,142,857(2) | $500,000 | $500,000(2) | I | By Kershner Grosso & Co.(3) | |||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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GROSSO CHRISTOPHER G 4137 COMMERCE CIRCLE IDAHO FALLS, ID 83401 |
X | X | ||
| /s/ Shahe Bagerdjian, Attorney-in-fact | 06/30/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(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) | Radnostix, Inc. (the "Company") entered into a convertible promissory note agreement (the "Note") with Kershner, Grosso & Co. ("Lender").The Note is in the principal amount of $500,000, bears simple interest at a fixed rate of 5% per annum with interest payable annually on each anniversary date of the Note. For the first two years, the Company may pay interest either in cash or in kind ("PIK Interest"). If the Company elects to PIK Interest, such PIK Interest is added to then outstanding principal for purposes of calculating future interest accruals. The Lender has the right to convert all or any portion of outstanding principal and accrued interest into shares of the Company's Common Stock at a conversion price of $0.07 per share subject to customary anti-dilution adjustments. The Company has the right to force conversion of the Note if the volume weighted-average closing price over thirty consecutive trading days is greater than $0.12 per share. The Note has a maturity date of June 3 |
| (2) | The number of shares underlying the Note reflects the conversion of $500,000 principal at $0.07 per share, rounded down to the nearest whole share (7,142,857 shares); accrued interest is not reflected. The common stock issuable upon conversion may vary based on accrued interest and any applicable adjustments. |
| (3) | By Kershner, Grosso & Co., a company owned and controlled by the registrant. |