false 0000723269 0000723269 2022-06-01 2022-06-01
--12-31
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
Date of report (Date of earliest event reported): June 1, 2022
 
IRONSTONE PROPERTIES, INC
 
(Exact Name of Registrant as Specified in Its Charter)
 
Delaware
 
(State or Other Jurisdiction of Incorporation)
 
0-12346   95-2829956
(Commission File Number)
  
(IRS Employer Identification No.)
909 Montgomery Street, San Francisco, California
  
94133
(Address of Principal Executive Offices)
  
(Zip Code)
 
415-551-8600
 
(Registrant’s Telephone Number, Including Area Code)
 
 
(Former Name or Former Address, if Changed Since Last Report)
 
Securities registered pursuant to Section 12(b) of the Act: 
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
 Common
IRNS
OTC
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
 
☐ Pre -commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
 
☐
Pre -commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
 
 
Emerging growth company ☐
 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
 
 
Item 5.03
 
On May 9, 2022 the Ironstone Properties Board of Directors approved the conversion of debt held by William R. Hambrecht, CEO to Ironstone Properties, Inc. common stock. William R. Hambrecht abstained from voting. This transaction was executed on May 27, 2022 where a total of $824,269 in loans and accrued interest were converted to 404,054 common shares at a price of $2.04 per share. The conversion price was determined by using the trailing 90 day average stock price.
 
Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits.
 
Exhibit Number
  
Description
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 
 
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.
 
  Company Name
     
Date: June 1, 2022 By: /s/ Eugene Yates
    Name Eugene Yates
    Title CFO
 
 
Ironstone (CE) (USOTC:IRNS)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Ironstone (CE) Charts.
Ironstone (CE) (USOTC:IRNS)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Ironstone (CE) Charts.