secwatch.observer — SEC 8-K summary
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Issuer:     GIFTIFY, INC. (GIFT)
CIK:        0001760233
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0001493152-24-051118
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Giftify enters $10M equity line with ClearThink Capital, issues restricted shares
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- ClearThink to purchase up to $10M of Giftify common stock under a draw-down equity facility.
- Per request, ClearThink buys the lesser of $1M or 500% of 10-day avg volume; min $25k.
- ClearThink receives 150,000 restricted shares at $1.3333/share in two closings.
- Giftify must issue 100,000 additional restricted shares and file an effective resale registration.
- Beneficial ownership by ClearThink capped at 9.99% of outstanding shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760233/000149315224051118/0001493152-24-051118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760233/000149315224051118/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-051118

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