secwatch.observer — SEC 8-K summary
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Issuer:     AIxCrypto Holdings, Inc. (AIXC)
CIK:        0001460702
Form:       8-K
Filed at:   2025-07-28T23:59:59+00:00
Accession:  0001641172-25-021174
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.03, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Qualigen closes $4.5M private placement of Series A-3 Preferred; conversion price $2.80
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- Issued 4,500 Series A-3 Preferred shares at $1,000 each for $4.5M gross proceeds.
- Initial conversion price $2.80 per share; convertible into 1,607,143 common shares.
- Net proceeds to be used for working capital; up to $500k for investor relations.
- Automatic reduction of Series A-2 conversion price from $3.64 to $2.80 triggered.
- Company to file S-1 registration statement for resale of underlying shares within 45 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1460702/000164117225021174/0001641172-25-021174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1460702/000164117225021174/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-021174

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