secwatch.observer — SEC 8-K summary
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Issuer:     Accredited Solutions, Inc. (ASII)
CIK:        0001464865
Form:       8-K
Filed at:   2022-08-25T23:59:59+00:00
Accession:  0001477932-22-006452
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Accredited Solutions secures $5M standby equity commitment with MacRab LLC, issues warrant for 5.56M shares
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- Standby Equity Commitment Agreement with MacRab LLC for up to $5M over 24 months; shares sold at 88% of VWAP over 6 trading days post-put notice.
- Issued 5-year warrant to purchase 5,555,555 common shares with anti-dilution and cashless exercise.
- Registration statement on Form S-1 to be filed within 60 days to register shares issuable.
- CEO Douglas Martin cites shift from debt to equity financing; previously announced marketing consulting agreement with Spire+.
- J.H. Darbie & Co. acted as placement agent in the transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1464865/000147793222006452/0001477932-22-006452-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1464865/000147793222006452/ghmp_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-006452

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