SemiLeds Corporation (LEDS)

[Scandle34]

6. Common Stock

On January 17, 2020, the Company entered into a definitive common stock purchase agreement (the “Agreement”) with XianChang Ma. Pursuant to the terms of the Agreement, Mr. Ma purchased 150,000 shares of the Company’s common stock at $4.00 per share, representing approximately 4% of the outstanding shares of the Company at the time of purchase. The Company received the $600,000 purchase price in full and recorded it as Subscribed Stock as of February 29, 2020. As of February 29, 2020, the 150,000 shares have not been issued.

I was concerned that he might have backed out. He did not and he paid well over market than. March - May quarter is 'unpredictable' as they said, but I see this going north of 4 later this year.