secwatch.observer — SEC 8-K summary
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Issuer:     Cingulate Inc. (CING)
CIK:        0001862150
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001493152-24-005157
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cingulate closes $7.5M public offering of common stock and warrants
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- Gross proceeds $7.5M; net ~$6.5M after fees. Offering: 3.75M shares (or pre-funded warrants) plus Series A and B warrants.
- Each unit priced at $2.00 includes one share (or pre-funded warrant at $1.9999), one Series A warrant ($2.00, 5yr), one Series B warrant ($2.00, 2yr).
- Proceeds to fund R&D and commercialization of lead candidate CTx-1301 and for general corporate purposes.
- H.C. Wainwright acted as placement agent; cash fee 7.8% of gross proceeds, expense allowance, and warrants for 150,000 shares at $2.50.
- Company agreed to 90-day lock on new equity issuances and one-year ban on variable rate transactions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1862150/000149315224005157/0001493152-24-005157-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1862150/000149315224005157/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-005157

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