secwatch.observer — SEC 8-K summary
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Issuer:     INNO HOLDINGS INC. (INHD)
CIK:        0001961847
Form:       8-K
Filed at:   2024-09-12T23:59:59+00:00
Accession:  0001493152-24-036074
Event type: other_material
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 3.03, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Inno Holdings enters three SPAs totaling $7M; CEO and Chairman to resign, reverse stock split 1:10
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- SPA I: Zfounder sells 100,000 shares for $300k; condition includes 1:10 reverse stock split and filing of split 8-K.
- SPA II: Zfounder sells 742,578 shares for $2.7M; requires resignation of Chairman, another director, and current CEO.
- SPA III: Zfounder, West Lake Club, Next Level sell 842,578 shares for $4M; closing six months after SPA II.
- New CEO and two directors to be appointed by SPA II and III investors; current CEO Tianwei Li to depart.
- Total private placement consideration of $7M; closings staggered based on conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1961847/000149315224036074/0001493152-24-036074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1961847/000149315224036074/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-036074

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