---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-091675"
form_type: "8-K"
ticker: "MITQ"
cik: "0001770236"
company_name: "MOVING iMAGE TECHNOLOGIES INC."
filed_at: "2021-07-13T23:59:59+00:00"
generated_at: "2026-06-30T05:47:44.900520+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Moving iMage Technologies prices IPO at $3.00/share, raises $14.5M gross, appoints CFO

## Summary
- Sold 4,830,000 shares (including full over-allotment) at $3.00/share; total gross proceeds ~$14.5M.
- Shares began trading on NYSE American under ticker MITQ on July 8, 2021.
- Net proceeds to fund sales/marketing expansion and working capital; may fund acquisitions.
- Michael Sherman appointed CFO effective July 7, 2021; previously interim CFO since July 2018.
- Boustead Securities acted as sole underwriter; lock-up agreements for officer/directors for 365 days.

## SEC filing metadata
- accession: 0001104659-21-091675
- form_type: 8-K
- ticker: MITQ
- cik: 0001770236
- company_name: MOVING iMAGE TECHNOLOGIES INC.
- filed_at: 2021-07-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1770236/000110465921091675/0001104659-21-091675-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1770236/000110465921091675/tm2122031d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-091675
- JSON: https://secwatch.observer/filing/0001104659-21-091675.json
- Plain text: https://secwatch.observer/filing/0001104659-21-091675.txt

## Key facts
- Executive change
  Michael Sherman was appointed as Chief Financial Officer at MOVING iMAGE TECHNOLOGIES INC..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On July 6, 2021, Michael Sherman was appointed Chief Financial Officer effective July 7, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1770236/000110465921091675/0001104659-21-091675-index.htm

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