Rocky Mountain Industrials Inc (RMRI)

[Big Brother]

This ticker recently started trading, despite having completed their reverse merger back in February 2015.

https://www.otcmarkets.com/filing/html?id=10523868&guid=4i1-k6FNp6NeJth

4.4M o/s 244K unrestricted, Class B shares, MM GTSM, they do have Class A shares but I believe they are private and do not convert to Class B unless they uplist to a major exchange.

They are building a huge industrial rail park on 620 acres close to Denver.

https://www.prnewswire.com/news-releases/rocky-mountain-industrials-closes-23-000-000-commercial-financing-301553183.html

https://rockymountainindustrials.com/

http://www.rockymountainrailpark.com/

https://www.otcmarkets.com/stock/RMRI/profile

According to the last filing they apparently considering the 'fair value' of these shares to be $20.00 pps.

Stock Awards

During the three months ended June 30, 2022, the Company granted 5,000 restricted shares of Class B Common Stock, with an aggregate grant date fair value of approximately $0.1 million, to an employee. The restricted shares vest ratably over a four-year vesting period, subject to continued service and a performance condition.

On November 6, 2015 (the "Closing Date"), RMR Industrials, Inc., a Nevada corporation (the "Company") entered into Subscription Agreements (the "Subscription Agreement") with several accredited investors (the "Purchasers") to offer and sell 147,500 units of the Company’s securities (the “Units”) at $10.00 per unit for aggregate proceeds of $1,475,000 (the "Offering"). Each Unit entitles the Purchaser to one share of Class B Common Stock of the Company and a warrant (the “Warrant”) to purchase one share of Class B Common Stock at an exercise price of $12.50 with a term of five years.

During the fiscal year ended March 31, 2017, the Company entered into subscription agreements with accredited investors (the "Purchasers") to offer and sell 221,666 units of the Company’s securities (the “Units”) at $10.00 - $15.00 per Unit for which the Company received $3,124,790 in proceeds. Each Unit entitles the Purchaser to one share of Class B Common Stock of the Company and a warrant to purchase one half to one and a half shares of Class B Common Stock at an exercise price of $10.00 - $15.00 with a term of one or two years.

Conversion

Series A Preferred Stock is convertible, at the option of the holder, into a number of shares of Class B Common Stock determined by dividing (i) the sum of the Series A Original Issue Price and all then-unpaid Accruing Dividends by (ii) the respective conversion price in effect at the time of conversion. The Series A-1 Preferred Stock conversion price is $25.00 per share, the Series A-2 Preferred Stock conversion price is $21.00 per share and the Series A-3 Preferred Stock conversion price is $15.00 per share.

In the event of an underwritten public offering, public uplist, or qualified equity issuance of at least $10,000,000 in gross proceeds and a minimum price per share of $25.00 for the Company's Common Stock (“Qualified Offering”), Series A Preferred Stock shall automatically be converted into such number of fully paid and non-assessable shares of Class B Common Stock at the then effective conversion rate as noted above.