---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-024723"
form_type: "8-K"
ticker: "GUER"
cik: "0001832487"
company_name: "Guerrilla RF, Inc."
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:35:54.554012+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Guerrilla RF closes $22M private placement of convertible preferred + warrants; board adds two directors

## Summary
- Closed $22.0M private placement with North Run Capital affiliate; net proceeds ~$21.6M after expenses.
- Issued 22,000 Series A Convertible Preferred shares ($1,000 stated value) convertible into 7,213,115 common shares at $3.05, plus warrants for 2,885,246 shares at $3.05.
- Proceeds to strengthen balance sheet, support growth, and fund potential uplist to national exchange.
- Board increased from 8 to 10; Thomas B. Ellis and Todd B. Hammer appointed as directors, with nomination rights for Buyer as long as it holds >=20% of conversion shares.
- Buyer granted pro rata participation rights in future equity financings and certain veto rights over senior debt and share issuance for as long as it holds >=20% threshold.

## SEC filing metadata
- accession: 0001437749-24-024723
- form_type: 8-K
- ticker: GUER
- cik: 0001832487
- company_name: Guerrilla RF, Inc.
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832487/000143774924024723/0001437749-24-024723-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832487/000143774924024723/guer20240805c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-024723
- JSON: https://secwatch.observer/filing/0001437749-24-024723.json
- Plain text: https://secwatch.observer/filing/0001437749-24-024723.txt

## Key facts
- Executive change
  Thomas B. Ellis was appointed as Director at Guerrilla RF, Inc..
  - Action: appointed
  - Role: Director
  source text: the Board appointed each of Thomas B. Ellis and Todd B. Hammer to the Board, effective August 5, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832487/000143774924024723/0001437749-24-024723-index.htm
- Executive change
  Todd B. Hammer was appointed as Director at Guerrilla RF, Inc..
  - Action: appointed
  - Role: Director
  source text: the Board appointed each of Thomas B. Ellis and Todd B. Hammer to the Board, effective August 5, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1832487/000143774924024723/0001437749-24-024723-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.