---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-076292"
form_type: "8-K"
ticker: "AUMN"
cik: "0001011509"
company_name: "Golden Minerals Co"
filed_at: "2023-06-29T23:59:59+00:00"
generated_at: "2026-06-13T14:34:32.695739+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Golden Minerals raises ~$2.1M via registered direct offering and private placement

## Summary
- Sold 790,000 shares at $1.45 and pre-funded warrants for 637,587 shares at $1.4499 each, gross proceeds ~$2.1M.
- Common warrants to purchase up to 1,427,587 shares at $1.90, exercisable 6 months after issuance, 5-year term.
- Offering closed June 29, 2023; proceeds for working capital and possible Unifin Financiera lawsuit settlement.
- Anti-dilution adjustments reduce exercise price of Series A warrants from $7.50 to $1.45 and Series B to $6.50.

## SEC filing metadata
- accession: 0001104659-23-076292
- form_type: 8-K
- ticker: AUMN
- cik: 0001011509
- company_name: Golden Minerals Co
- filed_at: 2023-06-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1011509/000110465923076292/0001104659-23-076292-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1011509/000110465923076292/tm2319814d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-076292
- JSON: https://secwatch.observer/filing/0001104659-23-076292.json
- Plain text: https://secwatch.observer/filing/0001104659-23-076292.txt

## Key facts
- Material Agreements
  Golden Minerals Co entered into Securities Purchase Agreement with certain institutional investors valued at aggregate gross proceeds from the Offering of approximately $2.1 million (effective 2023-06-26).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain institutional investors
  - Value: aggregate gross proceeds from the Offering of approximately $2.1 million
  - Effective: 2023-06-26
  source text: On June 26, 2023, Golden Minerals Company (the “Company”), a Delaware corporation, entered into a Securities Purchase Agreement with certain institutional investors (the “Securities Purchase Agreement”) providing for the issuance and sale by the Company in a registered direct offering (the “Offering”), (i) an aggregate of 790,000 shares of the Company’s common stock, $0.01 par value per share (“Common Stock”) at a purchase price of $1.45 per share (the “Offering Shares”) and (ii) pre-funded warrants exercisable for up to 637,587 shares of Common Stock (the “Pre-Funded Warrants”) at a purchase price of $1.4499 per Pre-Funded Warrant, for aggregate gross proceeds from the Offering of approximately $2.1 million, before deducting the placement agent fee (as described in greater detail below) and estimated offering expenses.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1011509/000110465923076292/0001104659-23-076292-index.htm

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