secwatch.observer — SEC 8-K summary
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Issuer:     Bridgeline Digital, Inc. (BLIN)
CIK:        0001378590
Form:       8-K
Filed at:   2025-03-25T23:59:59+00:00
Accession:  0001437749-25-009051
Event type: other
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bridgeline Digital raises ~$2.2M in registered direct and private placements
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- Registered direct offering of 1,000,000 shares at $1.50/share for $1.5M gross proceeds.
- Private placement of 473,979 shares at $1.52/share for ~$720k; officers/directors participate.
- CEO Kahn (~$50k), Chair Kahn ($10k), dir. Ketslakh (~$600k) among private purchasers.
- Proceeds for working capital and general corporate purposes; closings expected Mar 26, 2025.
- WestPark Capital exclusive placement agent for registered direct offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378590/000143774925009051/0001437749-25-009051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378590/000143774925009051/blin20250324_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-009051

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