secwatch.observer — SEC 8-K summary
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Issuer:     PRECISION OPTICS CORPORATION, INC. (POCI)
CIK:        0000867840
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001683168-24-005603
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Precision Optics raises $1.4M via registered direct offering; prelim FY24 revenue $18.5M-$18.9M
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- Raised ~$1.4M gross from 265,868 shares at $5.25 (institutional) and $5.79 (officers/directors).
- Offering to close Aug 15; net proceeds for working capital and general corporate purposes.
- Preliminary FY2024 revenue range $18.5M-$18.9M; subject to closing adjustments.
- Company agrees to 30-day lock on further equity issuance; 60-day ban on variable rate deals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/867840/000168316824005603/0001683168-24-005603-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/867840/000168316824005603/poci_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-005603

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer