secwatch.observer — SEC 8-K summary
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Issuer:     Idaho Copper Corp (COPR)
CIK:        0001263364
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0001493152-24-002626
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Idaho Copper raises capital via 19-unit Series A Preferred and warrant offering
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- Sold 19 units, each with 1 share of Series A Preferred (convertible into 50,000 common) and 62,500 warrants at $0.24.
- Series A Preferred has $12,000 liquidation value, 12% dividend in common after Dec 31, 2024 if no uplist.
- Warrants exercisable for 3 years at $0.24 per share; company will file resale registration for underlying shares.
- Unregistered offering under Section 4(a)(2)/Rule 506(b); aggregate potential dilution of up to 2,137,500 common shares.
- Certificate of Designation filed Jan 11, 2024 establishing Series A Preferred rights and preferences.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1263364/000149315224002626/0001493152-24-002626-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1263364/000149315224002626/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-002626

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