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

Issuer:     BIOLARGO, INC. (BLGO)
CIK:        0000880242
Form:       8-K
Filed at:   2022-12-19T23:59:59+00:00
Accession:  0001437749-22-029358
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BioLargo secures $10M equity line from Lincoln Park Capital; issues 1.25M commitment shares
--------------------------------------------------------------------------------

- BioLargo entered purchase agreement with Lincoln Park Capital for up to $10M of common stock over 36 months.
- Company may sell shares at its discretion; Lincoln Park obligated to purchase subject to conditions.
- As consideration, BioLargo issued 1.25M commitment shares and will pay $250k cash fee after $3M in sales.
- Proceeds will be used for working capital and general corporate purposes.
- Stock sales capped at 4.99% beneficial ownership; no short sales allowed by Lincoln Park.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880242/000143774922029358/0001437749-22-029358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880242/000143774922029358/blgo20221213_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-029358

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