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Wednesday, June 14, 2023 2:37:58 AM
Dr. Joong J Fang Said; The proposed MLB CARTEL shares that are up for sale.
https://www.sec.gov/Archives/edgar/data/1750155/000162828023019745/charlottesweb-424b3.htm
“ SELLING SHAREHOLDER
The Selling Shareholder is offering under this prospectus up to 6,119,121 Common Shares issued by us to MLB pursuant to the terms of the Promotional Rights Agreement. The Selling Shareholder may, from time to time, offer and sell pursuant to this prospectus any or all of the Common Shares offered hereby. The Selling Shareholder may sell some, all or none of their shares. We do not know how long the Selling Shareholder will hold the shares before selling them, and we currently have no agreements, arrangements or understandings with the Selling Shareholder regarding the sale of any of the shares.
The following table presents information regarding the Selling Shareholder and the Common Shares that they may offer and sell from time to time under this prospectus. The table is prepared based on information supplied to us by the Selling Shareholder. Neither the Selling Shareholder, nor any affiliate of the Selling Shareholder, has held a position or office, or had any other material relationship, with us or any of our predecessors or affiliates. Beneficial ownership is determined in accordance with Rule 13d-3(d) promulgated by the SEC under the Exchange Act. The percentage of shares beneficially owned prior to the offering is based on 152,444,144 of our Common Shares actually outstanding as of May 24, 2023.
Selling Stockholder Common Shares Beneficially Owned Before this Offering Common Shares Offered for Resale
Common Shares Beneficially Owned after Completion of the Resale(1)
Percentage of Outstanding Shares Beneficially Owned After Completion of the Resale
MLB Advanced Media L.P., on its own behalf and on behalf of Major League Baseball Properties, Inc., the Office of the Commissioner of Baseball, The MLB Network, LLC and the Major League Baseball Clubs (1)
6,119,121 6,119,121 — —
TOTALS
__________________
(1)Shares beneficially owned before this offering reflect all shares beneficially owned by MLB Advanced Media L.P., on its own behalf and on behalf of Major League Baseball Properties, Inc., the Office of the Commissioner of Baseball, The MLB Network, LLC and the Major League Baseball Clubs.
Material Relationships with the Selling Stockholder
Other than the Promotional Rights Agreement and the ownership of the securities described herein, the Selling Shareholder has no material relationships with us or our affiliates within the past three years.
https://www.sec.gov/Archives/edgar/data/1750155/000162828023019745/charlottesweb-424b3.htm#i7f555a341b5d4f9d93e4a0686ebf0bae_187
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