---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-017936"
form_type: "8-K"
ticker: "AIFC"
cik: "0000862861"
company_name: "AI Financial Corp"
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T22:40:07.157827+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# JanOne raises ~$300K via registered direct offering of 79,782 units at $3.775/unit

## Summary
- Sold 79,782 units, each consisting of one share of common stock and one warrant to purchase one share at $3.63.
- Gross proceeds approximately $300,000; net proceeds for working capital and general corporate purposes.
- Warrants have a three-year term; investors are two non-U.S. accredited institutional investors.
- Closing occurred on May 1, 2024; no placement agent was used.
- Offering made under effective shelf registration statement (File No. 333-278784).

## SEC filing metadata
- accession: 0001493152-24-017936
- form_type: 8-K
- ticker: AIFC
- cik: 0000862861
- company_name: AI Financial Corp
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862861/000149315224017936/0001493152-24-017936-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862861/000149315224017936/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-017936
- JSON: https://secwatch.observer/filing/0001493152-24-017936.json
- Plain text: https://secwatch.observer/filing/0001493152-24-017936.txt

## Key facts
- Material Agreements
  AI Financial Corp entered into Securities Purchase Agreement with two certain institutional investors valued at approximately $300,000 (effective 2024-05-01).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: two certain institutional investors
  - Value: approximately $300,000
  - Effective: 2024-05-01
  source text: On May 1, 2024, JanOne Inc. (the “ Company ” or “ our ”) entered into a Securities Purchase Agreement (the “ Purchase Agreement ”) with two certain institutional investors (the “ Investors ”) for the sale by the Company in a registered direct offering priced at-the-market under the rules of The Nasdaq Stock Market (the “ Offering ”) of 79,782 units (the “ Units ”) of the Company’s securities, each Unit consisting of one share of our common stock, par value $0.001 per share (“ Common Stock ”), and one common stock purchase warrant for the purchase of an additional share of Common Stock (“ Warrants ”), at a purchase price of $3.775 per Unit.
  evidence_url: https://www.sec.gov/Archives/edgar/data/862861/000149315224017936/0001493152-24-017936-index.htm

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