---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-070356"
form_type: "8-K"
ticker: "PRPO"
cik: "0001043961"
company_name: "Precipio, Inc."
filed_at: "2023-06-12T23:59:59+00:00"
generated_at: "2026-06-14T02:38:06.006660+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Precipio raises $2M in registered direct offering and private placement of common stock and warrants

## Summary
- Issued 4,125,000 shares at $0.45/share and pre-funded warrants for 319,445 shares, raising ~$2M gross.
- Issued common warrants to purchase 8,888,890 shares at $0.63, exercisable after 6 months, expiring Dec 2028.
- Directors and officers agreed to 90-day lock-up on sale of company securities.
- Net proceeds ~$1.7M to be used for working capital and general corporate purposes.

## SEC filing metadata
- accession: 0001104659-23-070356
- form_type: 8-K
- ticker: PRPO
- cik: 0001043961
- company_name: Precipio, Inc.
- filed_at: 2023-06-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1043961/000110465923070356/0001104659-23-070356-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1043961/000110465923070356/tm2318350d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-070356
- JSON: https://secwatch.observer/filing/0001104659-23-070356.json
- Plain text: https://secwatch.observer/filing/0001104659-23-070356.txt

## Key facts
- Material Agreements
  Precipio, Inc. entered into Financial Advisor Agreement with A.G.P./Alliance Global Partners valued at Cash fee of $140,000 for arranging sale of securities (effective 2023-06-07).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: A.G.P./Alliance Global Partners
  - Value: Cash fee of $140,000 for arranging sale of securities
  - Effective: 2023-06-07
  source text: On June 7, 2023, the Company also entered into a financial advisory agreement (the " Financial Advisor Agreement ") with A.G.P./Alliance Global Partners (the " Financial Advisor ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043961/000110465923070356/0001104659-23-070356-index.htm
- Material Agreements
  Precipio, Inc. entered into Securities Purchase Agreement with certain institutional investors valued at Aggregate proceeds ~$2.0 million from sale of 4,125,000 shares and 319,445 pre-funded warrants plus (effective 2023-06-08).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain institutional investors
  - Value: Aggregate proceeds ~$2.0 million from sale of 4,125,000 shares and 319,445 pre-funded warrants plus
  - Effective: 2023-06-08
  source text: On June 8, 2023, Precipio, Inc., a Delaware corporation (the " Company "), entered into a securities purchase agreement (the " Purchase Agreement ") with certain institutional investors (the " Purchasers "), pursuant to which the Company agreed to issue and sell to the Purchasers, in a registered direct offering (the " Registered Direct Offering "), an aggregate of: (i) 4,125,000 shares (the " Shares ") of the Company's common stock, $0.01 par value (the " Common Stock "), at a price of $0.45 per share, and (ii) pre-funded warrants (the " Pre-Funded Warrants ") to purchase up to 319,445 shares of Common Stock, at a price of $0.0449 per Pre-Funded Warrant.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043961/000110465923070356/0001104659-23-070356-index.htm

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