secwatch.observer — SEC 8-K summary
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Issuer:     MOVING iMAGE TECHNOLOGIES INC. (MITQ)
CIK:        0001770236
Form:       8-K
Filed at:   2021-07-13T23:59:59+00:00
Accession:  0001104659-21-091675
Event type: other_material
Sentiment:  positive
Materiality: 0.95
Item codes: 1.01, 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1770236/000110465921091675/0001104659-21-091675-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1770236/000110465921091675/tm2122031d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-091675

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