---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-001259"
form_type: "8-K"
ticker: "AIFC"
cik: "0000862861"
company_name: "AI Financial Corp"
filed_at: "2024-01-12T23:59:59+00:00"
generated_at: "2026-06-07T00:19:05.800180+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-001259
- form_type: 8-K
- ticker: AIFC
- cik: 0000862861
- company_name: AI Financial Corp
- filed_at: 2024-01-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862861/000162828024001259/0001628280-24-001259-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862861/000162828024001259/jan-20240112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-001259
- JSON: https://secwatch.observer/filing/0001628280-24-001259.json
- Plain text: https://secwatch.observer/filing/0001628280-24-001259.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/862861/000162828024001259/0001628280-24-001259-index.htm

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