secwatch.observer — SEC 8-K summary
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Issuer:     AVAX ONE TECHNOLOGY LTD. (AVX)
CIK:        0001826397
Form:       8-K
Filed at:   2024-10-16T23:59:59+00:00
Accession:  0001493152-24-041329
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AgriForce raises $800K in registered direct offering; extends investor participation right to Dec 2025
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- Sold 16M common shares at $0.05/share to two institutional investors for $800K total.
- Each investor enters SPA for 8M shares ($400K); closing on Oct 15, 2024.
- Extends Section 4.12 participation right from June 2022 SPA through Dec 31, 2025.
- Company must use 25% of net proceeds from any future ATM/equity line to repay outstanding debentures.
- Shares registered under existing S-3 shelf; prospectus supplement filed same day.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826397/000149315224041329/0001493152-24-041329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826397/000149315224041329/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-041329

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