---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-23-001254"
form_type: "8-K"
ticker: "NNUP"
cik: "0000888981"
company_name: "NOCOPI TECHNOLOGIES INC/MD/"
filed_at: "2023-09-13T23:59:59+00:00"
generated_at: "2026-06-10T19:44:37.375386+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Nocopi Technologies raises $5M in private placement; Frost Gamma Investments acquires 1.25M shares at $4.00 each

## Summary
- Gross proceeds $5 million from private placement of 1.25M shares at $4.00 per share to Frost Gamma Investments Trust.
- No placement fees, commissions, or warrants issued in the transaction.
- Frost Gamma to receive 65,790 advisory shares ratably over three-year term for services from Phillip Frost.
- Proceeds to be used for working capital and general corporate purposes.

## SEC filing metadata
- accession: 0001079973-23-001254
- form_type: 8-K
- ticker: NNUP
- cik: 0000888981
- company_name: NOCOPI TECHNOLOGIES INC/MD/
- filed_at: 2023-09-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/888981/000107997323001254/0001079973-23-001254-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/888981/000107997323001254/nnup_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-23-001254
- JSON: https://secwatch.observer/filing/0001079973-23-001254.json
- Plain text: https://secwatch.observer/filing/0001079973-23-001254.txt

## Key facts
- Material Agreements
  NOCOPI TECHNOLOGIES INC/MD/ entered into Stock Purchase Agreement with Frost Gamma Investments Trust valued at $5 million (effective 2023-09-11).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Frost Gamma Investments Trust
  - Value: $5 million
  - Effective: 2023-09-11
  source text: On September 11, 2023, Nocopi Technologies, Inc., a Maryland corporation (the “ Company ”) entered into a Stock Purchase Agreement (the “ Purchase Agreement ”), by and between the Company and Frost Gamma Investments Trust (the “ Purchaser ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/888981/000107997323001254/0001079973-23-001254-index.htm

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