secwatch.observer — SEC 8-K summary
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Issuer:     Armlogi Holding Corp. (BTOC)
CIK:        0001972529
Form:       8-K
Filed at:   2024-11-26T23:59:59+00:00
Accession:  0001213900-24-102813
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Armlogi enters $50M SEPA with Yorkville, receives $5M initial tranche of $21M convertible note
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- $21M convertible promissory note in three tranches; initial $5M received at closing.
- Conversion price lower of $7.5937/share or 94% of 5-day VWAP; floor price $1.1880.
- $50M SEPA allows company to sell stock to YA at 95-97% of market price until Dec 2026.
- Notes bear 0% interest (18% default), mature Nov 2026, with 10% original issue discount per tranche.
- Proceeds for working capital and general corporate purposes; subsidiaries guarantee obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1972529/000121390024102813/0001213900-24-102813-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1972529/000121390024102813/ea0222523-8k_armlogi.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-102813

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