0001437749-23-020255.txt : 20230719 0001437749-23-020255.hdr.sgml : 20230719 20230719180139 ACCESSION NUMBER: 0001437749-23-020255 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230707 FILED AS OF DATE: 20230719 DATE AS OF CHANGE: 20230719 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Barnhart Bryan S CENTRAL INDEX KEY: 0001985364 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-54391 FILM NUMBER: 231097692 MAIL ADDRESS: STREET 1: 9251 WEST MAIN ROAD CITY: NORTH EAST STATE: PA ZIP: 16428 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SMG Industries Inc. CENTRAL INDEX KEY: 0001426506 STANDARD INDUSTRIAL CLASSIFICATION: TRANSPORTATION SERVICES [4700] IRS NUMBER: 510662991 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 20475 STATE HWY 249 STREET 2: SUITE 450 CITY: HOUSTON STATE: TX ZIP: 77070 BUSINESS PHONE: 7139553497 MAIL ADDRESS: STREET 1: 20475 STATE HWY 249 STREET 2: SUITE 450 CITY: HOUSTON STATE: TX ZIP: 77070 FORMER COMPANY: FORMER CONFORMED NAME: SMG Indium Resources Ltd. DATE OF NAME CHANGE: 20080423 FORMER COMPANY: FORMER CONFORMED NAME: Specialty Metals Group Indium Corp. DATE OF NAME CHANGE: 20080207 4 1 rdgdoc.xml FORM 4 X0508 4 2023-07-07 0001426506 SMG Industries Inc. SMGI 0001985364 Barnhart Bryan S 20475 STATE HWY 249, SUITE 450 HOUSTON TX 77070 1 1 Chief Executive Officer 0 Common Stock, par value $.001 2023-07-07 4 A 0 38500000 A 38500000 D 5% Series C Convertible Preferred Stock 0.25 2023-07-07 4 A 0 250 A 2023-07-07 Common Stock 250 250 D Received in exchange for, either directly or by merger, all of the membership interests of: (i) Barnhart Fleet Maintenance, LLC, a Pennsylvania limited liability company, (ii) Barnhart Transportation, LLC, a Pennsylvania limited liability company, (iii) Lake Shore Global Solutions LLC, a Pennsylvania limited liability company, (iv) Lake Shore Logistics, LLC, a Pennsylvania limited liability company, (v) Legend Equipment Leasing, LLC, a Pennsylvania limited liability company, and (vi) Route 20 Tank Wash LLC, a Pennsylvania limited liability company (collectively, the "Acquisition"), pursuant to a transaction agreement by and among the Company, Bryan S. Barnhart, Timothy W. Barnhart, Timothy W. Barnhart, as Trustee of the Timothy W. Barnhart 2017 Irrevocable Trust, and certain affiliates. On the effective date of the Acquisition, the closing price of the Company's common stock was $0.1860 per share. To the extent not already converted on the 24-month anniversary of the closing of the Acquisition, the Company's 5% Series C Convertible Preferred Stock, par value $0.001 per share ("Series C Preferred Stock"), and any accrued dividends thereon will automatically convert into a number of shares of common stock equal to the quotient of (A) the sum of (x) the stated value of such share(s) of Series C Preferred Stock subject to automatic conversion plus any accrued dividends thereon and (B) the conversion price. The stated value of the Series C Preferred Stock is $10,000 per share. /s/ Bryan S. Barnhart 2023-07-19