PCT Corp. (Ticker: PCTL) 78. From at least June 5, 2018 through June 15, 2022, Kramer executed SPAs pursuant to which Power Up and 1800 Diagonal purchased a total of 21 convertible note obligations of PCT Corp., Inc. (Ticker: PTCL), with a total principal amount of $1,578,250. Kramer authorized Power Up and 1800 Diagonal to disburse funds from their bank accounts to fund the PCT notes.
79. PCT, a regular client of the Entity Defendants, is a Nevada corporation that principally conducts its business from Little River, South Carolina. At all relevant times, PCT’s stock qualified as a “penny stock” as defined by Exchange Act Rule 3a51-1 and was traded on the OTC Markets bulletin board (OTC BB) or OTC Markets Pink.
80. The following chart lists the PCT notes and the specific Entity Defendant that purchased each note during the Relevant Period, along with the conversion discount and other terms: