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

Issuer:     Zedge, Inc. (ZDGE)
CIK:        0001667313
Form:       8-K/A
Filed at:   2026-09-30T10:38:55+00:00
Accession:  0001213900-26-104861
Event type: other_material
Sentiment:  positive
Materiality: 0.45
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Zedge closes $7.675M private placement led by Vice Chairman Howard Jonas's Chartwell
--------------------------------------------------------------------------------

- Issued 2,616,447 shares of Class B common stock and warrants to purchase 2,354,803 shares; placement completed September 25, 2026 for gross proceeds of $7,675,000.
- Chartwell Holding LLC, whose sole beneficiaries are Howard Jonas and his wife, invested $6.5M for 2,218,430 shares and warrants on 1,996,587 shares.
- Warrant exercise prices: $3.22/share for Chartwell and director Elliott Gibber; $3.28/share for the remaining purchaser; exercisable only after NYSE American stockholder approval.
- Warrant exercisability also gated by a six-month hold: March 11, 2027 for Gibber and March 25, 2027 for Chartwell and the remaining purchaser.
- Proceeds intended to accelerate growth of DataSeeds.AI and expand its team and reach; Zedge cites 20 million monthly active users. No placement agent commissions paid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1667313/000121390026104861/0001213900-26-104861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1667313/000121390026104861/ea0306984-8ka1_zedge.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-104861

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