secwatch.observer — SEC 8-K summary
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Issuer:     NKGen Biotech, Inc. (—)
CIK:        0001845459
Form:       8-K
Filed at:   2025-09-24T23:59:59+00:00
Accession:  0001213900-25-091112
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NKGen Biotech sells 10M shares at $0.25 to Asia Advisors for $2.5M, with warrants
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- Issued 10M shares at $0.25 to Asia Advisors Limited, raising $2.5M gross proceeds.
- Warrant issued to purchase up to 20M shares at $0.25 (200% of shares bought).
- Letter agreement grants option to purchase additional 20M shares at $0.25 within 12 months, with matching warrants.
- If outstanding convertible debt warrant exercise prices are reset below $0.25, purchase price and warrant exercise price reset to that lower price.
- Securities issued under Section 4(a)(2) and Rule 506; stock trades on OTC Expert Market.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1845459/000121390025091112/0001213900-25-091112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1845459/000121390025091112/ea0258284-8k_nkgen.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-091112

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