secwatch.observer — SEC 8-K summary
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Issuer:     PSYCHEMEDICS CORP (PMDI)
CIK:        0000806517
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0001171843-24-006863
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/806517/000117184324006863/0001171843-24-006863-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/806517/000117184324006863/f8k_121024.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-006863

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