secwatch.observer — SEC 8-K summary
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Issuer:     ProMIS Neurosciences Inc. (PMN)
CIK:        0001374339
Form:       8-K
Filed at:   2023-12-08T23:59:59+00:00
Accession:  0001558370-23-019700
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ProMIS Neurosciences exchanges Series 1 Preferred for Series 2 at 60:1; no Series 1 outstanding
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- 70,000,000 Series 1 Preferred exchanged for 1,166,667 Series 2 Preferred (60:1 ratio).
- Series 2 Preferred automatically converts into Common upon $14M+ equity financing (Mandatory Conversion Event).
- Prior nine-month financing limitation terminates as of December 4, 2023.
- Amended articles to create Series 2; rights substantially similar to Series 1 except conversion trigger.
- Holders include Crocker Mountain, Kraft entities, McCance Trust, and others.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1374339/000155837023019700/0001558370-23-019700-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1374339/000155837023019700/pmn-20231204x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-019700

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