secwatch.observer — SEC 8-K summary
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Issuer:     FiEE, Inc. (FIEE)
CIK:        0001467761
Form:       8-K/A
Filed at:   2024-01-26T23:59:59+00:00
Accession:  0001493152-24-003910
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Minim corrects securities purchase terms: director to buy 2M preferred shares at $1.40, not 2.8M at $1.00
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- Amended 8-K revises shares of preferred stock to 2,000,000 at $1.40 per share totaling $2.8M.
- Series A Preferred Stock convertible into 1.4 common shares each with full ratchet anti-dilution.
- Warrants to purchase up to 2,800,000 common shares at $1.00 exercise price also issued.
- Closing conditioned on shareholder approval of 1:3 reverse split, increase authorized preferred to 10M, and other items.
- Director David Lazar granted exemption from Section 16(b) short-swing profit rules via Rule 16b-3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1467761/000149315224003910/0001493152-24-003910-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1467761/000149315224003910/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-003910

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