secwatch.observer — SEC 8-K summary
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Issuer:     INVO Fertility, Inc. (IVF)
CIK:        0001417926
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001493152-23-027193
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.04, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

INVO Bioscience closes $4.5M public offering of units; proceeds fund acquisition and debt repayment
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- Sold 1,580,000 units at $2.85/unit; each unit = 1 share + 2 warrants exercisable at $2.85 for 5 years.
- Gross proceeds of ~$4.5M; placement agent Maxim Group LLC received 7% cash fee and warrants for 110,600 shares at $3.14.
- Proceeds allocated: up to $2.125M for Wisconsin Fertility Institute acquisition, $1M to Armistice, $543,750 to Cedar Advance LLC, ~$100k to Peak One, ~$40k to First Fire.
- Officers, directors, and 5%+ holders agreed to 6-month lock-up on stock sales without consent.
- Offering closed August 8, 2023; securities registered on Form S-1 (File No. 333-273174) effective August 3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1417926/000149315223027193/0001493152-23-027193-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1417926/000149315223027193/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-027193

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