secwatch.observer — SEC 8-K summary
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Issuer:     PetVivo Holdings, Inc. (PETV)
CIK:        0001512922
Form:       8-K
Filed at:   2024-07-17T23:59:59+00:00
Accession:  0001493152-24-028063
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PetVivo raises $1.21M via private placement of Series A Preferred and warrants at $0.40/unit
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- Raised $1,210,000 by selling 3,025,000 units at $0.40/unit to 3 accredited investors.
- Each unit consists of one Series A Convertible Preferred share and one warrant exercisable at $0.90 for 3 years.
- Series A Preferred converts to common at lesser of $0.40 or higher of $0.25/future offering price; auto-converts after one year.
- Company's securities remain suspended from Nasdaq; delisting affirmed but not yet effective.
- Proceeds to be used for commercialization of Spryng™, clinical trials, and working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512922/000149315224028063/0001493152-24-028063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512922/000149315224028063/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-028063

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer