secwatch.observer — SEC 8-K summary
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Issuer:     Idaho Copper Corp (COPR)
CIK:        0001263364
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0001493152-24-008830
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1263364/000149315224008830/0001493152-24-008830-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1263364/000149315224008830/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-008830

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