---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-020664"
form_type: "8-K"
ticker: "SST"
cik: "0001805833"
company_name: "System1, Inc."
filed_at: "2025-04-29T23:59:59+00:00"
generated_at: "2026-05-23T04:03:29.354108+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# System1 sells 4.5M shares at $0.50 in private placement raising $2.25M

## Summary
- Agreement with The Blend Family Foundation for 4.5M shares of Class A common at $0.50/share.
- Gross proceeds of $2.25 million; closing subject to conditions in the purchase agreement.
- Shares issued as unregistered sale under Section 4(a)(2) of the Securities Act to an accredited investor.
- Net proceeds to be used for general corporate purposes.

## SEC filing metadata
- accession: 0001628280-25-020664
- form_type: 8-K
- ticker: SST
- cik: 0001805833
- company_name: System1, Inc.
- filed_at: 2025-04-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805833/000162828025020664/0001628280-25-020664-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805833/000162828025020664/sst-20250428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-020664
- JSON: https://secwatch.observer/filing/0001628280-25-020664.json
- Plain text: https://secwatch.observer/filing/0001628280-25-020664.txt

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