secwatch.observer — SEC 8-K summary
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Issuer:     AI Era Corp. (AERA)
CIK:        0001605331
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001663577-22-000406
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AB International Group enters $1M equity line with Alumni Capital at 75% discount, issues 50M-share warrant
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- Purchase agreement allows company to sell up to $1M of common stock to Alumni Capital at 75% of lowest VWAP over prior 5 days.
- Warrant to purchase 50,000,000 shares at $0.02 per share issued as consideration for the commitment.
- Minimum purchase notice $25,000; maximum $500,000; no purchase if VWAP is at or below $0.001.
- Investor ownership is capped at 9.99% of outstanding common stock.
- Agreement expires December 31, 2022 or when $1M in shares have been purchased.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1605331/000166357722000406/0001663577-22-000406-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1605331/000166357722000406/abqq8k.htm
  HTML page:      https://secwatch.observer/filing/0001663577-22-000406

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