secwatch.observer — SEC 8-K summary
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Issuer:     BIMI Holdings Inc. (—)
CIK:        0001213660
Form:       8-K
Filed at:   2023-12-11T23:59:59+00:00
Accession:  0001213900-23-094557
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

BIMI issues 5M shares to Chairman after Phenix Bio earns $2.5M profit target in Q2 2023
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- Phenix Bio achieved aggregate net profit of at least $2.5M in Q2 2023, triggering earnout shares.
- 5,000,000 common shares issued to Chairman Fnu Oudom on Dec 6, 2023 as earnout consideration.
- Total acquisition price for Phenix: $180K cash plus 5.27M shares; additional 5M shares issued on milestone.
- Transaction closed March 15, 2023; performance condition met in Q2 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1213660/000121390023094557/0001213900-23-094557-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1213660/000121390023094557/ea189792-8k_bimiinter.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-094557

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