secwatch.observer — SEC 8-K summary
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Issuer:     Fabric.AI, Inc. (FABC)
CIK:        0001086745
Form:       8-K
Filed at:   2026-04-28T23:59:59+00:00
Accession:  0001493152-26-019257
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 3.03, 5.02, 5.03, 5.08, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fabric.AI (SBLX) enters $15M GPU connectivity development deal with Kopin and raises $21.5M
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- Joint Development Agreement with Kopin for GPU-to-GPU connectivity; Fabric.AI to pay up to $15M for prototype development plus potential $15-25M for production plan.
- Kopin receives Series J Preferred Stock convertible into 19.9% of pro forma fully-diluted common stock at $2.51/share with 6% annual dividend.
- Private placement of $21.5M: 21,500 shares of Series K Preferred Stock (convertible at $2.51) and warrants for 8.565M shares at $2.51.
- Company must obtain stockholder approval by June 26, 2026 (private placement) and July 26, 2026 (Series J) for issuances exceeding 19.99% of common stock.
- Net proceeds from private placement to be used for general corporate purposes; closing expected April 29, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1086745/000149315226019257/0001493152-26-019257-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1086745/000149315226019257/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-019257

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