---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-009752"
form_type: "8-K"
ticker: "AIFC"
cik: "0000862861"
company_name: "AI Financial Corp"
filed_at: "2023-03-24T23:59:59+00:00"
generated_at: "2026-06-17T17:23:39.859582+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-009752
- form_type: 8-K
- ticker: AIFC
- cik: 0000862861
- company_name: AI Financial Corp
- filed_at: 2023-03-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862861/000095017023009752/0000950170-23-009752-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862861/000095017023009752/jan-20230322.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-009752
- JSON: https://secwatch.observer/filing/0000950170-23-009752.json
- Plain text: https://secwatch.observer/filing/0000950170-23-009752.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/862861/000095017023009752/0000950170-23-009752-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.