New Technology Acquisition Holdings (NTAC)

[threewheeler]

As stated above the company Chairman exchanged 25 Million of his common stock for convertible preferred shares with an exercise
price of $7.00 I a 100:1 exchange retiring all common restricted shares to treasury reducing the total outstanding shares by the
corresponding amount – and the company further issued a conversion notice to convert additional Restricted shareholders holding
more than 100k shares to convert their shares for convertible preferred shares restricted with an exercise option of $7.00 ad I a ratio
of 100:1