secwatch.observer — SEC 8-K summary
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Issuer:     MANGOCEUTICALS, INC. (MGRX)
CIK:        0001938046
Form:       8-K
Filed at:   2024-08-23T23:59:59+00:00
Accession:  0001493152-24-033739
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Mangoceuticals sells 500 Series B Convertible Preferred shares for $500k; CEO car allowance raised
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- Sold 500 Series B Preferred shares at 10% discount to $1,100 stated value, raising $500k from institutional investor.
- Full conversion could yield up to 3,666,667 common shares at a $0.15 floor price.
- Board raised CEO Jacob Cohen's monthly car allowance from $1,500 to $2,500 effective August 22, 2024.
- Issuance exempt from registration under Section 4(a)(2) and Rule 506 of Regulation D.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1938046/000149315224033739/0001493152-24-033739-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1938046/000149315224033739/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-033739

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