JanOne raises ~$422k in registered direct offering of 361k shares at $1.17/share

AI Financial Corp

Offering of 361,000 shares of common stock closed March 24, 2023.
Gross proceeds of approximately $422,000 before fees and expenses.
Net proceeds to be used for working capital and general corporate purposes.
H.C. Wainwright acted as exclusive placement agent; received 7.0% cash fee and 25,270 warrants.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AI Financial Corp entered into Purchase Agreement with certain institutional investors valued at approximately $422,000 (effective 2023-03-22).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional investors
Value: approximately $422,000
Effective: 2023-03-22

Exact text from the filing

On March 22, 2023, JanOne Inc. (the “Company”) entered into a Securities Purchase Agreement (the “ Purchase Agreement ”) with certain institutional investors (the “ Purchasers ”) for the sale by the Company in a registered direct offering (the “ Offering ”) of 361,000 shares of the Company’s common stock, par value $0.001 per share (the “ Common Stock ”), at a purchase price per share of Common Stock of $1.17.

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AI Financial Corp filing history →

Source: SEC EDGAR

accession 0000950170-23-009752

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