secwatch.observer — SEC 8-K summary
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Issuer:     Iveda Solutions, Inc. (IVDA)
CIK:        0001397183
Form:       8-K
Filed at:   2022-08-12T23:59:59+00:00
Accession:  0001493152-22-022406
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Iveda Solutions raises $5M via private placement of stock and warrants
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- Gross proceeds of $5M from sale of 3,289,474 shares (or pre-funded warrants) at $1.52/unit and 3,289,474 warrants.
- Warrants exercisable at $1.40/share, immediately exercisable for 5.5 years from issuance.
- Net proceeds to be used for working capital and general corporate purposes.
- Maxim Group acted as sole placement agent with 7% cash fee on gross proceeds.
- Company to file resale registration statement with SEC by August 24, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1397183/000149315222022406/0001493152-22-022406-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1397183/000149315222022406/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-022406

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