secwatch.observer — SEC 8-K summary
======================================

Issuer:     ZION OIL & GAS INC (ZNOG)
CIK:        0001131312
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0001213900-23-019477
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zion Oil & Gas launches new Unit Option under DSPP to raise up to $7.5M
-----------------------------------------------------------------------

- Unit Option priced at $250 per unit; each unit includes common stock and warrants to buy 500 shares at $0.05 per share.
- Three tranches: first March 13-26, second March 27-April 9, third April 10-27; each subject to early termination upon $7.5M raised.
- Additional warrants for enrolling in Automatic Monthly Investments ($50+/month): up to 500 warrants depending on monthly amount.
- Warrants (ZNWAV, ZNWAW, ZNWAX, ZNWAY) exercisable at $0.05, with exercise periods through September 2023.
- Warrant Agent Agreement executed with American Stock Transfer & Trust Company for the new warrants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1131312/000121390023019477/0001213900-23-019477-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1131312/000121390023019477/ea175085-8k_zionoil.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-019477

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