secwatch.observer — SEC 8-K summary
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Issuer:     Precipio, Inc. (PRPO)
CIK:        0001043961
Form:       8-K
Filed at:   2023-06-12T23:59:59+00:00
Accession:  0001104659-23-070356
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043961/000110465923070356/0001104659-23-070356-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043961/000110465923070356/tm2318350d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-070356

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