2026-07-13
medium
Wai Yue Seto
Buy
Chief Executive Officer
652,000 shares
$2,445,000
@ $3.75
Significance
4/10
CEO Wai Yue Seto bought 652,000 shares at $3.75 via private placement on 2026-07-07
CEO Wai Yue Seto completed 2 separate purchases totaling 652,000 shares for $2,445,000.00 at $3.75 per share on 2026-07-07 through a private placement structure. This is a structured financing event rather than a discretionary open-market transaction. The stock has declined -99.6% from its 52-week high of $987.50 and is down -77.7% over 90 days, placing the transaction in the context of significant price deterioration. Post-transaction holdings are 80,000 shares, with the position moving from -572,000 shares (a net short or obligation position) to positive holdings, indicating a capital commitment to settle or rebalance a prior exposure.