secwatch.observer — SEC 8-K summary
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Issuer:     CIRTRAN CORP (CIRX)
CIK:        0000813716
Form:       8-K
Filed at:   2025-12-29T23:59:59+00:00
Accession:  0001493152-25-029335
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CirTran signs $10M standby equity deal with YA II PN; issues 3.85M commitment shares
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- CirTran may sell up to $10M of common stock to YA II PN at its option over 24 months, with no mandatory minimum advances.
- Company must issue 3,846,154 commitment shares to YA PN in December 2026 as a fee for the equity line.
- 50% of any proceeds must be used to reduce debt (including accrued interest) to Tekfine, LLC under a Forbearance Agreement.
- Per-share purchase price based on VWAP during a pricing period; company may set a minimum acceptable price.
- YA PN's beneficial ownership capped at 4.99% of outstanding common shares; no short sales allowed by either party.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/813716/000149315225029335/0001493152-25-029335-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/813716/000149315225029335/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-029335

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