---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-003710"
form_type: "8-K"
ticker: "FIEE"
cik: "0001467761"
company_name: "FiEE, Inc."
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:15:45.794315+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Minim settles $15.9M Motorola debt via inventory transfer; raises $2.8M from board member Lazar

## Summary
- Minim transfers inventory and support software to Motorola to settle at least $15.9M in guaranteed minimum royalties.
- Motorola will not pay cash; reduction of owed GMR is the sole consideration for the transferred products.
- Minim raises $2.8M by selling 2.8M Series A preferred shares at $1.00 each to board member David Lazar.
- Shares are convertible into common with full ratchet adjustment; Lazar also receives warrant for 2.8M shares at $1.00.
- Closing requires shareholder approval of 1-for-3 reverse stock split, increase in authorized preferred to 10M shares, and other charter amendments.

## SEC filing metadata
- accession: 0001493152-24-003710
- form_type: 8-K
- ticker: FIEE
- cik: 0001467761
- company_name: FiEE, Inc.
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1467761/000149315224003710/0001493152-24-003710-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1467761/000149315224003710/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-003710
- JSON: https://secwatch.observer/filing/0001493152-24-003710.json
- Plain text: https://secwatch.observer/filing/0001493152-24-003710.txt

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