secwatch.observer — SEC 8-K summary
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Issuer:     KRONOS ADVANCED TECHNOLOGIES INC (KNOS)
CIK:        0001108248
Form:       8-K
Filed at:   2021-07-02T23:59:59+00:00
Accession:  0001213900-21-035451
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kronos sets DogeSPAC spin-off record date; FY20 net loss $493K, going concern noted
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- Record date June 15, 2021; 1 DogeSPAC unit per share to be distributed effective July 30, 2021 (missed original June 22 date).
- Audited FY20 revenue $41,215, net loss $493,443; FY19 revenue $616, net loss $389,109.
- Auditor expresses substantial doubt about going concern due to recurring losses and need for additional funding.
- Spin-off units are restricted until registered or exempt; may later be convertible into tradeable crypto units.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108248/000121390021035451/0001213900-21-035451-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108248/000121390021035451/ea143668-8k_kronosadvanced.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-035451

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