S-1 Update on Stoneleigh Partners, increasing the amount to $200,902,500 (Oct-20, subject to amendmends):
Note that stoneleigh also has this complicated 2-tiered structure as in Mercator and a truckload of insiders warrants which will trigger in case of an aquisition:
STONELEIGH PARTNERS ACQUISITION CORP
1,475,000 Series A Units
18,650,000 Series B Units
Each Series A unit consists of:
two shares of our common stock; and
ten Class Z warrants.
Each Series B unit consists of:
two shares of our Class B common stock; and
two Class W warrants
Underwriters:
HCFP/Brenner Securities LLC
Legend Merchant Group, Inc.
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CERTAIN TRANSACTIONS
Prior to the date of this prospectus, we issued 100 shares of common stock for $1.00 in cash, or a purchase price of $0.01 per share. We also issued 23,400,000 warrants for $1,170,000 in cash, at a purchase price of $0.05 per warrant. These securities were issued to the individuals and entities set forth below, as follows:
Name
Number of
Shares of
Common Stock
Number of
Class W
Warrants
Number of Class Z
Warrants
Relationship to Us
Milton J. Walters
100
3,225,000
3,225,000
President, Secretary and Director
Gary D. Engle
0
4,925,000
4,925,000
Chairman of the Board and
Chief Executive Officer
James A. Coyne
0
3,225,000
(1)
3,225,000
(1)
Chief Financial Officer and Director
Geoffrey A. Thompson
0
225,000
225,000
Director
Michael Clayton
0
100,000
100,000
Director
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