secwatch.observer — SEC 8-K summary
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Issuer:     MANGOCEUTICALS, INC. (MGRX)
CIK:        0001938046
Form:       8-K
Filed at:   2024-12-26T23:59:59+00:00
Accession:  0001493152-24-052111
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mangoceuticals raises up to $1.25M via Series B Preferred and warrants
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- Issued 350 shares of Series B Preferred for $350K and warrants for 462K shares at $2.57-$2.71 exercise price.
- Anticipates selling additional $900K of Series B Preferred and 1.188M warrants on similar terms.
- Warrants exercisable after 180 days, 5-year term; conversion of Preferred limited by $2.25 floor price.
- Purchasers granted 18-month participation right in future financings up to their subscription amount.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1938046/000149315224052111/0001493152-24-052111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1938046/000149315224052111/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-052111

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