secwatch.observer — SEC 8-K summary
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Issuer:     Cingulate Inc. (CING)
CIK:        0001862150
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0001493152-24-025724
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cingulate announces warrant exercise for $1.86M gross proceeds; new Series C/D warrants issued
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- Immediate cash exercise of Series A (2.125M shares) and Series B (1.0625M shares) warrants at reduced price $0.585/share (was $2.00).
- Gross proceeds ~$1.86M; proceeds for CTx-1301 development, working capital, and general corporate purposes.
- Company issues new Series C warrants (4.25M shares) and Series D warrants (2.125M shares) at $0.585/share, exercisable after stockholder approval.
- H.C. Wainwright as placement agent; receives 8% cash fee and placement agent warrants for 255,000 shares at $0.7313/share.
- Stockholder meeting required within 90 days to approve new warrant exercises per Nasdaq Listing Rule 5635.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1862150/000149315224025724/0001493152-24-025724-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1862150/000149315224025724/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-025724

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