0001520138-24-000181.txt : 20240424
0001520138-24-000181.hdr.sgml : 20240424
20240424162908
ACCESSION NUMBER: 0001520138-24-000181
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240422
FILED AS OF DATE: 20240424
DATE AS OF CHANGE: 20240424
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: TOGHRAIE JEFF
CENTRAL INDEX KEY: 0001063732
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41958
FILM NUMBER: 24870968
MAIL ADDRESS:
STREET 1: C/O CUMETRIX DATA SYSTEMS CORP
STREET 2: 957 LAWSON ST
CITY: INDUSTRY
STATE: CA
ZIP: 91748
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Intrepid Global Advisors, Inc.
CENTRAL INDEX KEY: 0001995186
ORGANIZATION NAME:
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-41958
FILM NUMBER: 24870967
BUSINESS ADDRESS:
STREET 1: 325 N. MAPLE DRIVE
STREET 2: #5114
CITY: BEVERLY HILLS
STATE: CA
ZIP: 90210
BUSINESS PHONE: 310-340-0885
MAIL ADDRESS:
STREET 1: 325 N. MAPLE DRIVE
STREET 2: #5114
CITY: BEVERLY HILLS
STATE: CA
ZIP: 90210
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Axil Brands, Inc.
CENTRAL INDEX KEY: 0001718500
STANDARD INDUSTRIAL CLASSIFICATION: PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844]
ORGANIZATION NAME: 08 Industrial Applications and Services
IRS NUMBER: 474125218
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0531
BUSINESS ADDRESS:
STREET 1: 901 S. FREMONT AVE.
STREET 2: UNIT 158
CITY: ALHAMBRA
STATE: CA
ZIP: 91803
BUSINESS PHONE: 888-638-8883
MAIL ADDRESS:
STREET 1: 901 S. FREMONT AVE.
STREET 2: UNIT 158
CITY: ALHAMBRA
STATE: CA
ZIP: 91803
FORMER COMPANY:
FORMER CONFORMED NAME: Reviv3 Procare Co
DATE OF NAME CHANGE: 20171003
4
1
ownership.xml
X0508
4
2024-04-22
0
0001718500
Axil Brands, Inc.
AXIL
0001063732
TOGHRAIE JEFF
C/O AXIL BRANDS, INC.
901 FREMONT AVE., UNIT 158
ALHAMBRA
CA
91803
1
1
1
0
Chairman, CEO
0001995186
Intrepid Global Advisors, Inc.
325 N. MAPLE DRIVE
#5114
BEVERLY HILLS
CA
90210
0
0
1
0
0
Common Stock
1246700
I
By Intrepid Global Advisors
Series A Preferred Stock
2024-04-22
4
P
0
3750000
A
Common Stock
187500
7956750
I
By Intrepid Global Advisors
Series A Preferred Stock
2024-04-22
4
P
0
7500000
A
Common Stock
375000
15456750
I
By Intrepid Global Advisors
Stock Option (right to buy)
1.80
2022-09-01
2032-04-20
Common Stock
155000
155000
D
Jeff Toghraie is the managing director of Intrepid Global Advisors, Inc.
Options vest as follows: 25% of the original grant amount vested on September 1, 2022 and the remainder vests in 24 equal monthly installments on the first day of each month, beginning October 1, 2022.
The Series A Preferred Stock, par value $0.0001 per share (the "Preferred Stock"), is convertible into shares of the Issuer's common stock on a twenty-for-one basis, at the option of the holder, at any time after the second anniversary of the date that the Issuer first issued shares of Preferred Stock, or June 16, 2022; provided, that the holder may not convert that number of shares of Preferred Stock which would cause the holder to become the beneficial owner of more than 5% of the Issuer's common stock, as determined in accordance with Sections 13(d) and (g) of the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder. The Preferred Stock has no expiration date.
On April 22, 2024, Intrepid Global Advisors, Inc. purchased 3,750,000 shares of Preferred Stock (equivalent to 187,500 shares of the Issuer's common stock on an as-converted basis) for cash consideration of $22,500, pursuant to a repurchase agreement entered into with the previous holder of such Preferred Stock.
Also on April 22, 2024, Intrepid Global Advisors, Inc. purchased an additional 7,500,000 shares of Preferred Stock (equivalent to 375,000 shares of the Issuer's common stock on an as-converted basis) for cash consideration of $45,000, pursuant to a repurchase agreement entered into with the previous holder of such Preferred Stock.
/s/ Jeff Toghraie
2024-04-24
INTREPID GLOBAL ADVISORS, INC., /s/ Jeff Toghraie, Managing Director
2024-04-24