secwatch.observer — SEC 8-K summary
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Issuer:     AIM ImmunoTech Inc. (AIM)
CIK:        0000946644
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001493152-24-007230
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AIM ImmunoTech raises $2.5M via private placement of 10% unsecured promissory note
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- Original principal $3,301,250; $781,250 OID and $20,000 legal fees deducted, net proceeds $2,500,000.
- Note bears 10% interest compounded daily, matures 24 months from February 16, 2024.
- Investor may redeem up to $250,000 per month starting 6 months after closing, with notice.
- Prepayment permitted; events of default include non-payment, incorrect reps, cross-default, bankruptcy.
- Default interest rate is lesser of 22% or maximum allowed by law.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946644/000149315224007230/0001493152-24-007230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946644/000149315224007230/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-007230

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