---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-008830"
form_type: "8-K"
ticker: "COPR"
cik: "0001263364"
company_name: "Idaho Copper Corp"
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T03:26:46.044347+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Idaho Copper raises $1.692M in private placement of units with preferred and warrants

## Summary
- Sold 141 units at $12,000 each for total gross proceeds of $1,692,000 to 23 accredited investors.
- Each unit: one share of Series A Convertible Non-Voting Preferred (convertible into 50,000 common) and 62,500 warrants (exercise $0.24, 3-year term).
- Proceeds to be used for working capital and general corporate purposes.
- Newbridge Securities acted as sole placement agent; receives 10% cash commission on gross proceeds.
- Company must file resale registration statement within 90 business days after closing, with penalty of 2.5% per 30 days (max 10%) if late.

## SEC filing metadata
- accession: 0001493152-24-008830
- form_type: 8-K
- ticker: COPR
- cik: 0001263364
- company_name: Idaho Copper Corp
- filed_at: 2024-03-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1263364/000149315224008830/0001493152-24-008830-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1263364/000149315224008830/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-008830
- JSON: https://secwatch.observer/filing/0001493152-24-008830.json
- Plain text: https://secwatch.observer/filing/0001493152-24-008830.txt

## Key facts
- Material Agreements
  Idaho Copper Corp entered into Subscription Agreement with 23 accredited investors valued at $1,692,000 (effective 2024-02-28).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: 23 accredited investors
  - Value: $1,692,000
  - Effective: 2024-02-28
  source text: On February 28, 2024, Idaho Copper Corporation, a Nevada corporation (the “Company”), entered into subscription agreements (each a “Subscription Agreement”) with 23 accredited investors (each, a “Subscriber” and collectively, the “Subscribers”), pursuant to which the Company offered and sold to the Subscribers in a private placement offering (the “Offering”), a total of 141 units (each, a “Unit” and, collectively, the “Units”), for a purchase price of $12,000 per Unit, and a total purchase price of $1,692,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1263364/000149315224008830/0001493152-24-008830-index.htm

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