secwatch.observer — SEC 8-K summary
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Issuer:     AI Financial Corp (AIFC)
CIK:        0000862861
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001628280-24-007613
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862861/000162828024007613/0001628280-24-007613-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862861/000162828024007613/jan-20240223.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-007613

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