---
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"
generated_at: "2026-06-11T05:13:30.155255+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# JanOne raises ~$790K in registered direct offering and private placement

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-030392
- JSON: https://secwatch.observer/filing/0001628280-23-030392.json
- Plain text: https://secwatch.observer/filing/0001628280-23-030392.txt

## Key facts
- Material Agreements
  AI Financial Corp entered into Securities Purchase Agreement with a certain institutional investor valued at approximately $790,000 (effective 2023-08-18).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: a certain institutional investor
  - Value: approximately $790,000
  - Effective: 2023-08-18
  source text: (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_url: https://www.sec.gov/Archives/edgar/data/862861/000162828023030392/0001628280-23-030392-index.htm

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