---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-013549"
form_type: "8-K"
ticker: "AUSI"
cik: "0000826253"
company_name: "AURA SYSTEMS INC"
filed_at: "2022-03-18T23:59:59+00:00"
generated_at: "2026-06-26T21:50:52.564020+00:00"
event_type: "litigation"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Aura Systems settles litigation with former director; pays $10M, issues 3.3M warrants

## Summary
- Agreed to pay $10 million over seven years, with $3 million due within three months; 6% interest on unpaid balance.
- Issues seven-year warrants for up to 3.3 million shares at $0.85 per share to the Kopple parties.
- Settlement resolves claims exceeding $13 million in loans and 23 million warrants originally sought in 2017 litigation.
- No admission of fault; mutual release of claims; company may prepay without penalty.
- All amounts must be paid within eight years; if uncured default, plaintiffs can enter judgment against Aura.

## SEC filing metadata
- accession: 0001213900-22-013549
- form_type: 8-K
- ticker: AUSI
- cik: 0000826253
- company_name: AURA SYSTEMS INC
- filed_at: 2022-03-18T23:59:59+00:00
- event_type: litigation
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/826253/000121390022013549/0001213900-22-013549-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/826253/000121390022013549/ea157111-8k_aura.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-013549
- JSON: https://secwatch.observer/filing/0001213900-22-013549.json
- Plain text: https://secwatch.observer/filing/0001213900-22-013549.txt

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