secwatch.observer — SEC 8-K summary
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Issuer:     Brownie's Marine Group, Inc (BWMG)
CIK:        0001166708
Form:       8-K
Filed at:   2022-09-12T23:59:59+00:00
Accession:  0001493152-22-025626
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brownie's Marine raises $205k via private placement of units at $0.024/unit
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- Sold 216,666 units (208,333 on Sep 6, 2021; 8,333 on Sep 7, 2021) for gross proceeds of $205,000.
- Each unit consists of one share of common stock and a two-year warrant exercisable at $0.024 per share.
- Proceeds will be used for working capital and general corporate purposes.
- Offering exempt from registration under Section 4(a)(2) and Rule 506(b) of Regulation D.
- Warrants are exercisable for cash only and subject to anti-dilution adjustments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1166708/000149315222025626/0001493152-22-025626-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1166708/000149315222025626/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-025626

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