---
schema_version: "secwatch.filing_event.v1"
accession: "0001520138-23-000122"
form_type: "8-K"
ticker: "AXIL"
cik: "0001718500"
company_name: "Axil Brands, Inc."
filed_at: "2023-03-03T23:59:59+00:00"
generated_at: "2026-06-18T13:16:57.976926+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Reviv3 Procare raises $448k via private placement of 1.95M shares at $0.23/share

## Summary
- Issued 1,947,175 shares of common stock at $0.23 per share to accredited investors.
- Gross proceeds of $447,850.25; offering exempt under Rule 506(b) of Regulation D.
- Outstanding shares after placement: 117,076,949 as of February 28, 2023.
- Proceeds will be used for general corporate purposes; no minimum raise required.

## SEC filing metadata
- accession: 0001520138-23-000122
- form_type: 8-K
- ticker: AXIL
- cik: 0001718500
- company_name: Axil Brands, Inc.
- filed_at: 2023-03-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1718500/000152013823000122/0001520138-23-000122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718500/000152013823000122/rviv-20230302_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001520138-23-000122
- JSON: https://secwatch.observer/filing/0001520138-23-000122.json
- Plain text: https://secwatch.observer/filing/0001520138-23-000122.txt

## Key facts
- Material Agreements
  Axil Brands, Inc. entered into Securities Purchase Agreements with accredited investors valued at $447,850.25 (effective 2023-02-23).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: accredited investors
  - Value: $447,850.25
  - Effective: 2023-02-23
  source text: On February 23, 2023, Reviv3 Procare Company (the “Company”), a Delaware corporation, issued in private placements to accredited investors an aggregate of 1,947,175 shares of its common stock, par value $0.0001 per share. The securities were issued at a purchase price of $0.23 per share for aggregate gross proceeds to the Company of $447,850.25.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1718500/000152013823000122/0001520138-23-000122-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.