secwatch.observer — SEC 8-K summary
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Issuer:     NOCOPI TECHNOLOGIES INC/MD/ (NNUP)
CIK:        0000888981
Form:       8-K
Filed at:   2022-09-14T23:59:59+00:00
Accession:  0001553350-22-000764
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nocopi closes $3.5M private placement; 2.5M shares issued post reverse split
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- Closed private placement of 2.5M shares of post-reverse-split common stock for gross proceeds of $3.5M.
- No placement fees or commissions paid; proceeds for working capital, growth, and general corporate purposes.
- Post transaction and 1:10 reverse split effective Sept 2, 2022, shares outstanding approx 9,249,505.
- CEO Michael Feinstein cites increased cash, debt-free balance sheet, and enhanced board for growth opportunities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/888981/000155335022000764/0001553350-22-000764-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/888981/000155335022000764/nnup_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-22-000764

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