Earl Scott - 12 Aug 2021 Form 4 Insider Report for PhoneBrasil International Inc (ACRU)

Role
Chief People Officer
Signature
/s/ Earl Scott
Issuer symbol
ACRU
Transactions as of
12 Aug 2021
Transactions value $
$0
Form type
4
Filing time
16 Aug 2021, 16:10:53 UTC
Next filing
05 Oct 2021
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ACRU Preferred Stock Award +1,350,000 1,350,000 12 Aug 2021 Common Stock 40,500,000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of preferred stock convert into shares of common stock on a one-for-30 ratio.
F2 The shares of preferred stock were acquired in connection with the Share Exchange Agreement dated August 12, 2021, between the Issuer, Mikab Corporation, the shareholders of Mikab Corporation and DR Shell LLC.