secwatch.observer — SEC 8-K summary
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Issuer:     U.S. GOLD CORP. (USAU)
CIK:        0000027093
Form:       8-K
Filed at:   2023-04-10T23:59:59+00:00
Accession:  0001493152-23-011718
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

U.S. Gold Corp. raises ~$5M via registered direct offering of 870K shares and warrants
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- Sale of 870,000 shares at $5.75 each plus warrants to buy 870,000 shares at $6.16.
- Gross proceeds of approximately $5.0 million; closing on April 10, 2023.
- Existing warrants to purchase 625,000 shares amended: exercise price lowered from $8.60 to $6.16, term extended to October 10, 2028.
- A.G.P./Alliance Global Partners acted as sole placement agent.
- Warrants become exercisable six months after issuance and expire five years later.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27093/000149315223011718/0001493152-23-011718-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27093/000149315223011718/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-011718

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