secwatch.observer — SEC 8-K summary
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Issuer:     INVO Fertility, Inc. (IVF)
CIK:        0001417926
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0001493152-23-009222
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.04, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

INVO Bioscience closes $3M offering with warrants exercisable at $0.63
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- Gross proceeds of ~$3.0M from sale of 3,680,000 shares (or pre-funded warrants) and 5,520,000 warrants.
- Warrants exercisable immediately at $0.63/share, expire in eight years.
- Net proceeds to repay up to $500K convertible debentures (at 105%) and fund acquisition down payment for Wisconsin Facility Institute.
- Placement agent Maxim Group LLC received 5.0% fee and warrants for 147,200 shares at $0.8965.
- Officers and directors subject to 180-day lock-up on equity transactions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1417926/000149315223009222/0001493152-23-009222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1417926/000149315223009222/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-009222

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