COSTA MESA, Calif., Feb. 24, 2025 /PRNewswire/ — The next assertion is being issued by Simpluris, Inc., Fund Administrator for america Securities and Trade Fee, relating to the Impression Idea Honest Fund and Plan of Distribution.
NOTICE OF FAIR FUND DISTRIBUTION PLAN
Within the Matter of Impression Idea, Inc.
Administrative Continuing File No. 3-21585
For extra info, go to www.ImpactTheoryFairFund.com
America Securities and Trade Fee (“SEC”) has settled administrative proceedings (the “Order”) towards Impression Idea (the “Respondent”). Within the Order, the SEC discovered that from October 13, 2021, to December 6, 2021, Impression Idea violated Sections 5(a) and 5(c) of the Securities Act by providing and promoting crypto asset securities often known as Founder’s Keys with out having a registered assertion filed or in impact with the SEC or qualifying for an exemption from registration.
The SEC ordered the Respondent to pay $5,120,718.27 in disgorgement, $483,195.90 in prejudgment curiosity, and a $500,000.00 civil cash penalty, for a complete of $6,103,914.17, to the SEC. The SEC additionally created a Honest Fund, pursuant to Part 308(a) of the Sarbanes-Oxley Act of 2002, so the penalty collected, together with the disgorgement and curiosity collected, may very well be distributed to harmed buyers (the “Honest Fund”).
The Honest Fund can be paid out in accordance with the Plan of Distribution (“Plan”).
A abstract of the eligibility standards and claims course of is beneath. Full particulars can be found at www.ImpactTheoryFairFund.com. You may additionally request a duplicate of the Plan from the Fund Administrator through e mail at data@ImpactTheoryFairFund.com or by calling 833-285-3401.
Who’s eligible to obtain a cost from the Honest Fund? To obtain a cost, you could have:
- bought or acquired Founder’s Keys between October 13, 2021, and December 6, 2021;
- submitted a well timed Declare Kind;
- suffered a Acknowledged Loss as calculated underneath the Plan; and
- not been an Excluded Get together underneath the Plan.
How do I submit a Declare? The simplest approach to submit a declare is on-line on the Impression Idea Honest Fund web site: www.ImpactTheoryFairFund.com. Declare Varieties accomplished on-line have to be submitted on or earlier than 11:59 p.m. Japanese Commonplace Time on August 15, 2025.
In case you are unable to submit a Declare Kind on-line and/or you’ve misplaced related credentials related to wallets and/or exchanges required as a part of a web based declare, it’s possible you’ll request a duplicate of the paper Declare Kind from the Fund Administrator through e mail at data@ImpactTheoryFairFund.com or by calling 833-285-3401. You may additionally obtain a duplicate of the Declare Kind to print at: www.ImpactTheoryFairFund.com. Declare Varieties submitted through mail have to be despatched to the handle supplied on the Declare Kind and postmarked (or if not despatched by U.S. Mail, then acquired) by August 15, 2025.
The Fund Administrator will ship a Dedication Discover advising every claimant who well timed submitted a Declare Type of their eligibility dedication and can present a calculation of Acknowledged Loss to these decided to be Eligible Claimants. The Fund Administrator might take into account disputes of an Eligible Claimant’s Acknowledged Loss calculation if well timed submitted in accordance with the Plan.
This discover is a abstract. For extra info, go to
www.ImpactTheoryFairFund.com
View unique content material:https://www.prnewswire.com/news-releases/all-individuals-who-purchased-or-acquired-impact-theory-founders-keys-between-october-13-2021-and-december-6-2021-302382047.html
SOURCE Simpluris Inc.
Featured Picture: depositphotos @ monsit
