secwatch.observer — SEC 8-K summary
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Issuer:     SinglePoint Inc. (—)
CIK:        0001443611
Form:       8-K
Filed at:   2023-12-19T23:59:59+00:00
Accession:  0001477932-23-009242
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SinglePoint closes $4M public offering at $5/share, effectuates 1-for-26 reverse stock split
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- Underwritten offering of 800,000 common shares at $5.00/share closed Dec 19, 2023; gross proceeds $4M, net ~$3.67M.
- 1-for-26 reverse stock split effective Dec 15, 2023; shares began trading on Cboe BZX under ticker SING.
- Converted all outstanding Class D and E preferred stock and certain notes into ~4.84M common shares; no preferred shares or that debt remain.
- Underwriters granted 45-day option for 120,000 additional shares; warrants for 16,000 shares at $6.50 (130% of offering price).
- Net proceeds for general corporate purposes and repayment of up to $500,000 of indebtedness.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1443611/000147793223009242/0001477932-23-009242-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1443611/000147793223009242/sing_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-009242

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