UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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The 4Less Group, Inc. is referred to herein as “we”, “our”, or “us”.
Item 8.01 Other Events.
On February 8, 2022, all of our Preferred C holders converted their Preferred C Shares into our Common Stock Shares, as follows:
a) | Timothy Armes converted his 100 Preferred C Shares into 124,843 Common Stock Shares equaling 1% of our outstanding Common Stock Shares. | |
b) | Chris Davenport converted his 6,075 Preferred C Shares into 7,584,203 Common Stock Shares equaling 60.7% of our outstanding Common Stock Shares. | |
c) | One investor converted his 675 Preferred C Shares into 842,690 Common Stock equaling 6.7% of our outstanding Common Stock Shares. | |
d) | One investor converted his 400 Preferred C Shares into 499,372 Common Stock equaling 4% of our outstanding Common Stock Shares. |
In total, the holders converted 7,250 Preferred C Shares into 9,051,108 Common Stock Shares, constituting approximately 72.5% of our outstanding shares. After the Preferred C Conversions, we had 12,492,593 Common Stock Shares outstanding.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: February 10, 2022
The 4 Less Group Inc.
By: /s/ Timothy Armes
Timothy Armes
Chief Executive Officer
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