---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-006863"
form_type: "8-K"
ticker: "PMDI"
cik: "0000806517"
company_name: "PSYCHEMEDICS CORP"
filed_at: "2024-12-10T23:59:59+00:00"
generated_at: "2026-05-29T05:22:54.104983+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Psychemedics closes stock purchase with 3K LP; repurchases shares for fractional split coverage

## Summary
- 3K Limited Partnership bought 1,409,712 shares at $2.35 on Dec 3, 2024.
- Company repurchased 320,708 shares from 3K on Dec 10, 2024 at same $2.35 price.
- Funds used to buy fractional shares from reverse stock split and provide $500K working capital.
- Transaction closed with Peter Kamin entities, including trusts and a foundation.

## SEC filing metadata
- accession: 0001171843-24-006863
- form_type: 8-K
- ticker: PMDI
- cik: 0000806517
- company_name: PSYCHEMEDICS CORP
- filed_at: 2024-12-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/806517/000117184324006863/0001171843-24-006863-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/806517/000117184324006863/f8k_121024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-006863
- JSON: https://secwatch.observer/filing/0001171843-24-006863.json
- Plain text: https://secwatch.observer/filing/0001171843-24-006863.txt

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