---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-007613"
form_type: "8-K"
ticker: "AIFC"
cik: "0000862861"
company_name: "AI Financial Corp"
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:56:59.238033+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# JanOne raises $600,000 in private placement of units with warrants at $0.61/share

## Summary
- Two investors purchased 408,163 units each at $0.735/unit, aggregate $600,000.
- Each unit: one common share + one warrant exercisable at $0.61 for three years.
- Advisor Mint Capital Advisors received 81,632 units as ~10% fee.
- Proceeds used for general corporate purposes; securities unregistered under Reg D.
- Warrants include 4.99% beneficial ownership limitation.

## SEC filing metadata
- accession: 0001628280-24-007613
- form_type: 8-K
- ticker: AIFC
- cik: 0000862861
- company_name: AI Financial Corp
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862861/000162828024007613/0001628280-24-007613-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862861/000162828024007613/jan-20240223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-007613
- JSON: https://secwatch.observer/filing/0001628280-24-007613.json
- Plain text: https://secwatch.observer/filing/0001628280-24-007613.txt

## Key facts
- Material Agreements
  AI Financial Corp entered into Unit Purchase Agreement with two otherwise unaffiliated third-party investors valued at aggregate purchase price of $600,000 (effective 2024-02-23).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: two otherwise unaffiliated third-party investors
  - Value: aggregate purchase price of $600,000
  - Effective: 2024-02-23
  source text: On February 23, 2024, JanOne Inc. (the “ Company ”) entered into Unit Purchase Agreements (each, a “ Purchase Agreement ”) with two otherwise unaffiliated third-party investors (the “ Investors ”), pursuant to which each Investor agreed to purchase 408,163 units of securities from the Company (the “ Units ”), at a price per Unit of $0.735, for an aggregate purchase price of $300,000 per investor for an aggregate price of $600,000 (the “ Unit Purchases ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/862861/000162828024007613/0001628280-24-007613-index.htm

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