SHGI · Sparx Holdings Group, Inc. · Insider Trading
Substantial doubt about the company's ability to continue as a going concern.
“The Company demonstrates adverse conditions that raise substantial doubt about the Company's ability to continue as a going concern for one year following the issuance of these financial statements. These adverse conditions are negative financial trends, specifically operating loss, working capital deficiency, and other adverse key financial ratios.”View the 10-Q filed Nov 14, 2023
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Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2023-12-29 | Sparx Holdings, LLC |
10% Owner |
Buy↑
Filing footnotes — Common Stock (Indirect)
Sparx Holdings, LLC is an indirect beneficial owner in the Company by and through its membership interest in NVC Holdings, LLC, a Wyoming Limited Liability Company, a controlling shareholder of the Issuer. |
Common Stock
(I)
|
75,000,000 |
| 2023-12-29 | DeNunzio Thomas |
Director, CEO, CFO, 10% Owner |
Sell↓
|
Common Stock
|
75,000,000 |
| 2023-12-29 | DeNunzio Cassandra |
Director, CEO, CFO, 10% Owner |
Buy↑
Filing footnotes — Common Stock (Indirect)
On Decemer 29, 2023, Mr. Thomas DeNunzio assigned and transferred his membership interest in NVC Holdings, LLC to Sparx Holdings, LLC, a Wyoming Limited Liability Company, solely owned by his daughter, Cassandra DeNunzio. The reporting person is deemed to have voting and investment power over 75,000,000 shares held by NVC Holdings, LLC. |
Common Stock
(I)
|
75,000,000 |
| 2022-08-29 | DeNunzio Cassandra |
Director, CEO, CFO, 10% Owner |
Award↑
Filing footnotes — Common Stock (Indirect)
100,000,000 shares of Common Stock of the Issuer were issued on August 29, 2022 to Sparx Holdings, LLC. The issuance was partial consideration pursuant to a "Patent License Agreement" that the Issuer entered into with Sparx Technologies, LLC. Ms.Cassandra DeNunzio is the sole member and manager of Sparx Technologies, LLC and Sparx Holdings, LLC. She is also the sole officer, and a director of the Issuer. Ms. DeNunzio disclaims beneficial ownership of the Shares reported herein except to the extent of her or Sparx Holdings, LLC pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such Shares for purposes of Section 16 or for any other purpose. Shares owned directly by Sparx Holdings, LLC. Ms. DeNunzio, as the Managing Member of Sparx Holdings, LLC may be deemed to beneficially own the Shares owned directly by Sparx Holdings, LLC. |
Common Stock
(I)
|
100,000,000 |