Louis Craig Schwartz, CEO and CFO, acquired 1,571,575 Common Shares on a direct ownership basis at a price of $0.350 through a private transaction on May 22nd, 2019. The insider also acquired 785,787 Warrants with an exercise price of $0.650 for 24 months. This represents a $550,051 investment into the company's shares and an account share holdings change of greater than 100%.
In addition, Thomas Rogers, a Director, acquired 386,100 Common Shares and 193,050 Warrants on an indirect ownership basis for registered holder TRGET MEDIA, LLC. This represents a $135,135 investment into the company's shares and an account share holdings change of greater than 100%. Omar Karim, a Senior Officer, acquired 144,788 Common Shares and acquired 72,394 Warrants on a direct ownership basis. This represents a $50,676 investment into the company's shares and an account share holdings change of greater than 100%. Steven Zenz, a Director, acquired 115,830 Common Shares and 57,915 Warrants on a direct ownership basis. This represents a $40,540 investment into the company's shares and an account share holdings change of greater than 100%. John Wilk, a Senior Officer, acquired 102,317 Common Shares and 51,158 Warrants on a direct ownership basis. This represents a $35,811 investment into the company's shares and an account share holdings change of greater than 100%. Finally, Michael Munoz, a Senior Officer, acquired 75,290 Common Shares and 37,645 Warrants on a direct ownership basis. This represents a $26,352 investment into the company's shares and an account share holdings change of greater than 100%.
Frankly is in the Software Sub Industry Group under the Technology Sector.
Frankly Inc., formerly WB III Acquisition Corp., is a Canada-based company engaged in providing a software platform for brands and media companies to create, distribute, analyze and monetize their content across all of their digital properties on Web, mobile and television. The Company is a software-as-a-service (SaaS) provider of content management and digital publishing software. The Company provides a white-labeled, integrated software platform to media companies and brands, which use its technology to get their content onto multiscreen devices and enable digital advertising. The platform consists of a content management system, native application and responsive Web framework, and digital advertising solutions. The Company also offers digital advertising services for approximately 200 digital properties in the United States. It focuses on offering an integrated platform of content management system (CMS), Web and mobile publishing, social engagement and monetization.
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