secwatch.observer — SEC 8-K summary
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Issuer:     Armlogi Holding Corp. (BTOC)
CIK:        0001972529
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0001213900-24-111180
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Armlogi closes $5M second tranche of pre-paid advance under SEPA with YA II PN
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- Second tranche of $21M Pre-Paid Advance disbursed $5M on Dec 17, 2024; 0% interest (18% on default), matures Nov 25, 2026.
- Conversion price: lower of $7.5937/share or 94% of lowest 5-day VWAP, floor $1.1880/share (subject to adjustment).
- Issued 43,147 common shares on Dec 13, 2024 as partial commitment fee ($500K total fee) per SEPA terms.
- Total SEPA allows YA to purchase up to $50M of common stock through Dec 1, 2026; company has received $10M to date.
- Proceeds intended to strengthen financial position and support growth initiatives in warehousing/logistics.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1972529/000121390024111180/0001213900-24-111180-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1972529/000121390024111180/ea0225431-8k_armlogi.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-111180

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