secwatch.observer — SEC 8-K summary
======================================

Issuer:     Cingulate Inc. (CING)
CIK:        0001862150
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001493152-23-013453
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cingulate enters up to $12M equity purchase agreement with Lincoln Park Capital
-------------------------------------------------------------------------------

- Up to $12M of common stock may be sold to Lincoln Park over 36 months at the Company's sole discretion.
- 368,023 commitment shares issued as consideration; Exchange cap of 2,260,751 shares (19.99% of outstanding).
- Lincoln Park agrees not to engage in short sales; beneficial ownership capped at 4.99%.
- Proceeds to fund operations, R&D of CTx-1301, CTx-1302, CTx-2103, and working capital.
- Company controls timing and amount of sales; no obligation to sell shares to Lincoln Park.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1862150/000149315223013453/0001493152-23-013453-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1862150/000149315223013453/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-013453

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