secwatch.observer — SEC 8-K summary
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Issuer:     NOCOPI TECHNOLOGIES INC/MD/ (NNUP)
CIK:        0000888981
Form:       8-K
Filed at:   2023-09-13T23:59:59+00:00
Accession:  0001079973-23-001254
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 3.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/888981/000107997323001254/0001079973-23-001254-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/888981/000107997323001254/nnup_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-23-001254

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