JanOne repurchases warrant for 899,348 shares from Armistice Capital for $250,000

AI Financial Corp

Warrant originally issued Aug 2023; exercise price $0.7561 per share.
Purchase price of $250,000: $200,000 paid at closing, $50,000 due within 60 days.
If $50,000 not paid on time, JanOne confesses judgment and waives process.
Transaction reduces potential dilution from 899,348 common shares.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AI Financial Corp entered into Purchase Agreement with a certain institutional investor valued at an aggregate price of $250,000 (effective 2024-01-12).

Action: entry
Agreement: equity purchase
Counterparty: a certain institutional investor
Value: an aggregate price of $250,000
Effective: 2024-01-12

Exact text from the filing

On January 12, 2024, JanOne Inc. (the “ Company ”) entered into a Warrant Purchase Agreement (the “ Purchase Agreement ”) with a certain institutional investor (the “ Investor ”) that had purchased a Common Stock Purchase Warrant (the “Warrant”) on August 22, 2023

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281 material agreements filed in the last 30 days. Browse all material agreements →

AI Financial Corp filing history →

Source: SEC EDGAR

accession 0001628280-24-001259

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