secwatch.observer — SEC 8-K summary
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Issuer:     AI Financial Corp (AIFC)
CIK:        0000862861
Form:       8-K
Filed at:   2023-08-23T23:59:59+00:00
Accession:  0001628280-23-030392
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862861/000162828023030392/0001628280-23-030392-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862861/000162828023030392/jan-20230818.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-030392

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