secwatch.observer — SEC 8-K summary
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Issuer:     AIxCrypto Holdings, Inc. (AIXC)
CIK:        0001460702
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0001493152-24-047143
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Qualigen raises $5.1M in Series A-2 Preferred private placement; exchanges $1.1M notes
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- Issued 5,100 shares of Series A-2 Preferred at $1,000/share for $5.1M aggregate proceeds.
- Conversion of preferred into common at $3.64/sh initially, subject to ratchet antidilution and 4.99% beneficial ownership cap.
- Entered exchange agreement with Yi Hua Chen, converting $1.1M principal notes into 1,154 Series A-2 Preferred shares.
- $800,000 of proceeds to be paid to IR Agency LLC for investor relations services per consulting agreement.
- Company reports equity above $2.5M after the transactions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1460702/000149315224047143/0001493152-24-047143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1460702/000149315224047143/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-047143

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