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

Issuer:     Neonode Inc. (NEON)
CIK:        0000087050
Form:       8-K
Filed at:   2024-06-04T23:59:59+00:00
Accession:  0001213900-24-049351
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Neonode enters new $10.3M ATM equity facility with Ladenburg Thalmann
---------------------------------------------------------------------

- ATM agreement with Ladenburg Thalmann allows sale of up to $10,336,156 of common stock.
- Commission to Ladenburg is 3.0% of gross sales price; Company to reimburse up to $50K in expenses.
- Prior ATM agreement with B. Riley Securities terminated May 29, 2024; 2,025,503 shares sold for ~$15M under that facility.
- Shares sold via at-the-market offerings on Nasdaq; may also be sold in negotiated transactions with Company approval.
- Offering made under effective S-3 (333-279252) filed May 9, 2024, effective May 16, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/87050/000121390024049351/0001213900-24-049351-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/87050/000121390024049351/ea0207150-8k_neonode.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-049351

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