other material
confidence high
sentiment negative
materiality 0.70
Charlie's Holdings raises ~$1.63M via sale of 20.4M shares at $0.08; discloses going concern doubt
Charlie's Holdings, Inc.
- Sold 20,375,000 shares of common stock at $0.08 per share, gross proceeds ~$1.63 million.
- Proceeds to be used for working capital; offering made under Section 4(a)(2) exemption.
- Subscription agreement states Company has substantial doubt about ability to continue as going concern.
- No minimum offering size; maximum target was $1.75M; investors are accredited.