secwatch.observer — SEC 8-K summary
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Issuer:     Presurance Holdings, Inc. (PRHI)
CIK:        0001502292
Form:       8-K
Filed at:   2025-03-04T23:59:59+00:00
Accession:  0000950170-25-032146
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Conifer raises $7.5M via Series B Preferred and warrants to board-affiliated entity
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- Sold 1,000 shares Series B Preferred at $5,000/share and warrants for 4M common shares at $1.50, raising $5M on Feb 27.
- Sold additional 5,000 shares Series B Preferred for $2.5M on Mar 3, total $7.5M raised.
- Warrants exercisable for 4M common shares at $1.50 per share, expire Jan 31, 2027.
- Series B Preferred pays prime rate + 600 bps (floor 12%), ranks senior to common, matures Dec 31, 2026.
- Proceeds to be used for working capital and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1502292/000095017025032146/0000950170-25-032146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1502292/000095017025032146/cnfr-20250227.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-032146

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer