---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-044651"
form_type: "8-K"
ticker: "FIEE"
cik: "0001467761"
company_name: "FiEE, Inc."
filed_at: "2023-12-13T23:59:59+00:00"
generated_at: "2026-06-07T13:25:08.036858+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Minim converts $1.13M debt into 734,343 shares; affiliates' voting stake rises to 55%

## Summary
- Converted $1,000,000 principal plus $125,778 accrued interest into 734,343 common shares at $1.533/share.
- Debt owed to Slingshot Capital, owned by Executive Chairperson Jeremy Hitchcock and former director Elizabeth Hitchcock.
- Post-conversion, affiliates' voting interest increases from ~38% to ~55%.
- All loan agreements and security interests terminated; debt fully satisfied.
- Conversion price based on weighted average price on Sept 13 and Nov 28, 2023.

## SEC filing metadata
- accession: 0001493152-23-044651
- form_type: 8-K
- ticker: FIEE
- cik: 0001467761
- company_name: FiEE, Inc.
- filed_at: 2023-12-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1467761/000149315223044651/0001493152-23-044651-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1467761/000149315223044651/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-044651
- JSON: https://secwatch.observer/filing/0001493152-23-044651.json
- Plain text: https://secwatch.observer/filing/0001493152-23-044651.txt

## Key facts
- Material Agreements
  FiEE, Inc. entered into Debt Conversion Agreement with Slingshot Capital, LLC valued at Issuance of 734,343 shares of common stock in exchange for cancellation of $1,000,000 principal plus (effective 2023-12-06).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Slingshot Capital, LLC
  - Value: Issuance of 734,343 shares of common stock in exchange for cancellation of $1,000,000 principal plus
  - Effective: 2023-12-06
  source text: On December 6, 2023, Minim, Inc. (the “Company”) and Slingshot Capital, LLC (“Slingshot Capital”) entered into a Debt Conversion Agreement (“Conversion Agreement”) pursuant to which the Company agreed to issue 734,343 shares of the Company’s common stock (based on $1.533 per share) (the “Shares”) in exchange for the cancellation of a total principal amount of $1,000,000 (“Principal Amount”) outstanding under the Bridge Loan Agreement and Bridge Term Note (collectively, the “Loan Agreements”), with Slingshot Capital, plus $125,778 in accrued and unpaid interest on such Principal Amount as of December 6, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1467761/000149315223044651/0001493152-23-044651-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.