---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-007572"
form_type: "8-K"
ticker: "ASPI"
cik: "0001921865"
company_name: "ASP Isotopes Inc."
filed_at: "2023-10-12T23:59:59+00:00"
generated_at: "2026-06-10T01:09:12.615859+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# ASP Isotopes raises ~$9.1M via private placement of 9.95M shares; Tees River to own ~14%

## Summary
- Sold 9,952,510 shares at $0.9105-$0.96 per share for aggregate gross proceeds of ~$9.1M.
- Tees River Critical Resources Fund participated and will hold ~14% of outstanding shares post-closing.
- Company directors also purchased shares in the placement.
- Proceeds to fund working capital, achieve first revenues, and accelerate HALEU enrichment projects.
- Ocean Wall acted as sole placement agent, receiving 5% fee.

## SEC filing metadata
- accession: 0001477932-23-007572
- form_type: 8-K
- ticker: ASPI
- cik: 0001921865
- company_name: ASP Isotopes Inc.
- filed_at: 2023-10-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1921865/000147793223007572/0001477932-23-007572-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1921865/000147793223007572/aspi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-007572
- JSON: https://secwatch.observer/filing/0001477932-23-007572.json
- Plain text: https://secwatch.observer/filing/0001477932-23-007572.txt

## Key facts
- Material Agreements
  ASP Isotopes Inc. entered into Securities Purchase Agreements with certain institutional and other accredited investors and certain directors of the Company valued at approximately $9.1 million (effective 2023-10-09).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain institutional and other accredited investors and certain directors of the Company
  - Value: approximately $9.1 million
  - Effective: 2023-10-09
  source text: On October 9, 2023 and October 10, 2023, ASP Isotopes Inc., a Delaware corporation (the “Company”), entered into Securities Purchase Agreements (the “Purchase Agreements”) with certain institutional and other accredited investors and certain directors of the Company (collectively, the “Purchasers”), pursuant to which the Company has agreed to issue and sell an aggregate of 9,952,510 shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), for aggregate cash consideration of approximately $9.1 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1921865/000147793223007572/0001477932-23-007572-index.htm

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