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Phantom Lord

02/01/23 12:39 PM

#32800 RE: jobynimble #32799

Yea. Form 4s below:

Peter Hoang: 142,857 shares at $1.75 for $250k
Steve Elms (Aisling Capital): 1,142,857 shares @ $1.75 for $2M
Juan Vera: 571,428 shares @ $1.75 for $1M
John Wilson: 1,714,285 shares @ $1.75 for $3M
NEA: 5,714,285 shares @ $1.75 for $10M

Adjusting for the split they need $17.50 share price to break even on these. NEA and Aisling also bought at $4 ($40 split adjusted) in the initial offering done concurrently with the merger so they have an even higher break even price overall.