---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-007202"
form_type: "8-K"
ticker: "INUV"
cik: "0000829323"
company_name: "Inuvo, Inc."
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T15:18:34.386467+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Inuvo announces $4M registered direct offering of 16M shares at $0.25/share

## Summary
- Gross proceeds of $4M; net proceeds for general working capital.
- Offering of 16M shares of common stock at $0.25 per share.
- Closing expected on or about May 30, 2023.
- 90-day lock-up on further share issuance after closing.
- A.G.P./Alliance Global Partners acting as sole placement agent.

## SEC filing metadata
- accession: 0001654954-23-007202
- form_type: 8-K
- ticker: INUV
- cik: 0000829323
- company_name: Inuvo, Inc.
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/829323/000165495423007202/0001654954-23-007202-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/829323/000165495423007202/inuvo_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-007202
- JSON: https://secwatch.observer/filing/0001654954-23-007202.json
- Plain text: https://secwatch.observer/filing/0001654954-23-007202.txt

## Key facts
- Material Agreements
  Inuvo, Inc. entered into Purchase Agreement with certain institutional and accredited investors valued at $4.0 million (effective 2023-05-25).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain institutional and accredited investors
  - Value: $4.0 million
  - Effective: 2023-05-25
  source text: On May 25, 2023, Inuvo, Inc. (the “ Company ”), entered into a Securities Purchase Agreement (the “ Purchase Agreement ”) with certain institutional and accredited investors (the “ Purchasers ”) for the sale by the Company in a registered direct offering (the “ Offering ”) of 16,000,000 shares of the Company’s common stock, par value $0.001 per share (the “ Common Stock ”) at a purchase price per share of Common Stock of $0.25 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/829323/000165495423007202/0001654954-23-007202-index.htm
- Material Agreements
  Inuvo, Inc. entered into Placement Agency Agreement with A.G.P./Alliance Global Partners valued at 7% of the gross proceeds (effective 2023-05-25).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: A.G.P./Alliance Global Partners
  - Value: 7% of the gross proceeds
  - Effective: 2023-05-25
  source text: The Company entered into a Placement Agency Agreement, dated as of May 25, 2023, by and between the Company and the Placement Agent (the “ Placement Agency Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/829323/000165495423007202/0001654954-23-007202-index.htm

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