secwatch.observer — SEC 8-K summary
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Issuer:     SenesTech, Inc. (SNES)
CIK:        0001680378
Form:       8-K
Filed at:   2023-08-22T23:59:59+00:00
Accession:  0001628280-23-030170
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SenesTech to receive ~$2.1M from warrant exercise; issues new warrants for 5.9M shares
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- Holder exercises existing warrants for 2,934,575 shares at reduced price $0.7202/share; gross proceeds $2,113,480.92.
- Company issues new warrants to purchase up to 5,869,150 shares (200% of exercised shares) at $0.7202, subject to Nasdaq stockholder approval.
- Engaged H.C. Wainwright as placement agent; fee of 7.5% of gross proceeds plus management fee and expenses.
- Placement agent receives warrants to purchase 146,729 shares at $0.9003 per share.
- Company expects to use proceeds for general corporate purposes; closing expected August 24, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1680378/000162828023030170/0001628280-23-030170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1680378/000162828023030170/snes-20230821.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-030170

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