secwatch.observer — SEC 8-K summary
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Issuer:     Cardio Diagnostics Holdings, Inc. (CDIO)
CIK:        0001870144
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0001079973-24-000172
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cardio Diagnostics raises $1M via private placement of 561,793 units (stock + warrants) at $1.78/unit
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- Gross proceeds of $1,000,000 from sale of 561,793 units to 7 accredited investors at $1.78 per unit.
- Each unit includes one share of common stock and a six-year warrant exercisable at $1.78 per share.
- Placement agent Altitude Capital received 10% cash commission plus 112,353 warrant coverage at $1.78 through Feb 2030.
- Chairman Warren Hosseinion, M.D., holds 10% ownership in Altitude Capital; recused from board approval.
- Net proceeds to be used for working capital and general corporate purposes; resale registration planned within 180 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1870144/000107997324000172/0001079973-24-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1870144/000107997324000172/cdio_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-24-000172

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