secwatch.observer — SEC 8-K summary
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Issuer:     FiEE, Inc. (FIEE)
CIK:        0001467761
Form:       8-K
Filed at:   2023-12-13T23:59:59+00:00
Accession:  0001493152-23-044651
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1467761/000149315223044651/0001493152-23-044651-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1467761/000149315223044651/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-044651

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