secwatch.observer — SEC 8-K summary
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Issuer:     Arcimoto Inc (—)
CIK:        0001558583
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0001213900-23-068274
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.03, 3.02, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arcimoto raises $6.77M via Series D Preferred and warrant offering to fund working capital
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- First close of $4.515M on Aug 15; second $2.258M tranche subject to shareholder approval and SEC registration.
- Series D Preferred: 8% cumulative dividend, stated value $1,000, convertible at $1.20, 20% original issue discount.
- Warrants to purchase up to 14.1M shares at $1.50, 5-year term; exercisable after 6 months or upon approval/registration.
- CEO Chris Dawson: funds to scale production, support dealers, accelerate path to profitability.
- Special Equities Group (Dawson James Securities) acted as sole placement agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1558583/000121390023068274/0001213900-23-068274-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1558583/000121390023068274/ea183630-8k_arcimoto.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-068274

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