Some Information
A Form-D shows investments in small growing companies through partnerships like venture capital and angel investors. This is part of their partnership agreement with Ginkgo Bioworks. This is somewhat old news and part of what they are working on. These filings are released within 15 days. Just like 8-K filings are released within 5 days.
Previously Stated In August 9th 10Q
<< On August 6, 2016, the Company issued to Ginkgo Bioworks, Inc. (or “Ginkgo”) a warrant to purchase 5,000,000 shares of the Company’s common stock at an exercise price of $0.50 per share, exercisable for one year from the date of issuance. Pursuant to the Initial Strategic Partnership Agreement, dated June 28, 2016, between the Company and Ginkgo, such warrant was contemplated to be issued in connection with the execution of a definitive partnership agreement by the Company and Ginkgo setting forth the terms of a long-term commercial partnership and collaboration arrangement between the parties. The warrant was issued prior to the execution of such definitive partnership agreement in connection with the transfer of certain information technology from Ginkgo to the Company. >>
This is part of their strategic growth relationship agreement with Ginkgo. It's not like they went out and filed 100 Million shares for equity offerings and huge dilution. It's a small exempt offering that raises capital. So you see, relationships are not suppose to be free for either party. They are investing in, and working with, each other.
GLTA
