secwatch.observer — SEC 8-K summary
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Issuer:     Hour Loop, Inc (HOUR)
CIK:        0001874875
Form:       8-K
Filed at:   2022-01-11T23:59:59+00:00
Accession:  0001493152-22-000957
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hour Loop closes $6.9M IPO; 1.725M shares sold at $4.00, trading on Nasdaq as HOUR
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- IPO priced at $4.00/share; total 1,725,000 shares sold including full over-allotment.
- Gross proceeds $6.9M; net proceeds ~$5.552M after underwriting discounts and expenses.
- Stock began trading on Nasdaq on Jan 7, 2022 under ticker HOUR.
- Underwriter EF Hutton received a warrant to purchase 75,000 shares at $5.00/share.
- Company plans rapid expansion by increasing managers, vendors, and SKUs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1874875/000149315222000957/0001493152-22-000957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1874875/000149315222000957/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-000957

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