secwatch / observer
8-K filed May 6, 2024, 7:59 PM ET CIK 0001854583
other material confidence high sentiment negative materiality 0.75

Collective Audience resets warrant exercise price to $0.185; holders to exercise all warrants within 45 days

Collective Audience, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

Collective Audience, Inc. entered into Exercise Price Reset Agreement with certain accredited investors (effective 2024-04-26).

Action
entry
Agreement
equity purchase
Counterparty
certain accredited investors
Effective
2024-04-26
Exact text from the filing
On April 26, 2024 (the "Execution Date"), the Company entered into an Exercise Price Reset Agreement (the "Reset Agreement") with the Investors from the February Private Placement and December Private Placement pursuant to which, among other things, the Company agreed to reset the exercise price of the February Investor’s February Warrants from $5.00 per share of the Company’s common stock, par value $0.0001 (“Common Stock”), to $0.185 per share of Common Stock (the “Reset Exercise Price”) and to reset the December Investor’s December Warrants from an exercise price of $2.13 per share of Common Stock to the Reset Exercise Price.
View on SEC.gov

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Source: SEC EDGAR
accession 0001213900-24-040127
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