secwatch.observer — SEC 8-K summary
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Issuer:     AI Era Corp. (AERA)
CIK:        0001605331
Form:       8-K
Filed at:   2024-06-13T23:59:59+00:00
Accession:  0001663577-24-000155
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AB International Group enters $5M equity line with Alumni Capital; plans 1:2,000 reverse split
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- Entered Common Stock Purchase Agreement with Alumni Capital LP for up to $5M of common stock at 70% of lowest 5-day VWAP.
- Alumni receives warrant to purchase 1,953,125,000 shares at $0.00128/share, representing 50% of the $5M commitment.
- Each purchase notice capped at $250K or 300% of 5-day average daily trading volume; floor price set at $0.01.
- Board approved 1-for-2,000 reverse stock split; FINRA application submitted, effective date not yet received.
- Reverse split may be abandoned by the board at any time before the market effective date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1605331/000166357724000155/0001663577-24-000155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1605331/000166357724000155/abqq8k061324.htm
  HTML page:      https://secwatch.observer/filing/0001663577-24-000155

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