secwatch.observer — SEC 8-K summary
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Issuer:     DarioHealth Corp. (DRIO)
CIK:        0001533998
Form:       8-K
Filed at:   2025-01-10T23:59:59+00:00
Accession:  0001104659-25-002576
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DarioHealth Raises ~$6.8M via Series D Convertible Preferred Private Placement
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- Sold 4,974 shares of Series D-2 and 1,850 shares of Series D-3 preferred at $1,000 each for ~$6.8M gross.
- Conversion price initially $0.83 per share; subject to stockholder approval; auto-convert after 12 months.
- Preferred stock pays 10% quarterly dividend in common shares for four quarters after issuance.
- Closing expected by January 14, 2025; securities exempt from registration under Rule 506(b).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1533998/000110465925002576/0001104659-25-002576-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1533998/000110465925002576/tm252764d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-002576

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