Aura : Statement of Changes in Beneficial Ownership - Form 4
August 17, 2022 at 12:04 pm
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Ownership Submission
FORM 4
Check this box if no longer subject to Section 16, Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(**)
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(1)
7,023,422 (the "Survivor's Trust Shares") of the Company's common stock, par value $0.0001 per share, are held of record by the Reporting Person as trustee of The Survivor's Trust Under the Warren L. Breslow Trust (the "Survivor's Trust"). By virtue of the Reporting Person's control of the Survivor's Trust, the Reporting Person may be deemed to beneficially own some or all of the Survivor's Trust Shares but disclaims beneficial ownership of the Survivor's Trust Shares except to the extent of the Reporting Person's pecuniary interest therein.
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Aura Systems Inc. published this content on 17 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2022 16:03:07 UTC.
Aura Systems, Inc. is engaged in providing the technology for Axial Flux Induction electric motors and generators. The Company offers Axial Flux Induction Motor solution and mobile power known as the AuraGen for commercial and industrial applications and the VIPER for military applications. The Company's business model consists of two components: sales and marketing design and engineering. In North America, its primary focus is in mobile exportable power applications; EV motor applications; U.S. Military applications, and industrial/commercial motor as well as mobile power applications. The second component of its business model is focused on the design of new products and engineering support for the sales activities. The engineering support consists of the introduction of new optimized power levels for electric motors and new features for its AuraGen/VIPER solution, such as higher power/torque solutions, and different input and output voltages (DC and AC input and output versions).