{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-030392","form_type":"8-K","ticker":"AIFC","cik":"0000862861","company_name":"AI Financial Corp","filed_at":"2023-08-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.814412+00:00","generated_at":"2026-06-11T05:13:30.155255+00:00","sec_items":["1.01","3.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"JanOne raises ~$790K in registered direct offering and private placement","bullets":["Sold 899,348 shares or pre-funded warrants at $0.8811 each in registered direct offering.","Concurrent private placement of warrants exercisable at $0.7561 per share for 5 years.","Gross proceeds ~$790K; net proceeds for working capital and general corporate purposes.","H.C. Wainwright acted as placement agent; receives 7% fee and 62,954 agent warrants.","Closing occurred Aug 22, 2023; warrants and underlying shares unregistered."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-030392","json":"https://secwatch.observer/filing/0001628280-23-030392.json","markdown":"https://secwatch.observer/filing/0001628280-23-030392.md","text":"https://secwatch.observer/filing/0001628280-23-030392.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862861/000162828023030392/0001628280-23-030392-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862861/000162828023030392/jan-20230818.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T05:13:30.155255+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ebed65abe42edef4573a7da6b6f85819cb380a7c","claim":"AI Financial Corp entered into Securities Purchase Agreement with a certain institutional investor valued at approximately $790,000 (effective 2023-08-18).","evidence_excerpt":"(the “ Company ”) entered into a Securities Purchase Agreement (the “ Purchase Agreement ”) with a certain institutional investor (the “ Investor ”) for the sale by the Company in a registered direct offering priced at-the-market under the rules of The Nasdaq Stock Market (the “ Offering ”) of: (i) 418,000 shares (the “ Shares ”) of the Company’s common stock, par value $0.001 per share (“ Common Stock ”), at an offering price of $0.8811 per share and (ii) pre-funded warrants exercisable for up to 481,348 shares of Common Stock (the “ Pre-Funded Warrants ”) to the Investor at an offering price equal to $0.8801 (equal to the purchase price per share of Common Stock sold in this Offering, minus $0.001) per Pre-Funded Warrant.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/862861/000162828023030392/0001628280-23-030392-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"a certain institutional investor"},{"label":"Value","value":"approximately $790,000"},{"label":"Effective","value":"2023-08-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}