secwatch.observer — SEC 8-K summary
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Issuer:     Chilean Cobalt Corp. (COBA)
CIK:        0001727255
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0001683168-25-000474
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chilean Cobalt Corp. closes Series B financing raising $1M through sale of convertible preferred stock
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- Sold 497,810 Series B convertible preferred shares on Jan 15 & 17, 2025 at $0.45/share for $224,014.50; total round is 2,222,225 shares for $1,000,001.25.
- Series B preferred converts to common stock on Dec 31, 2025; holders vote on an as-converted basis with common stock.
- Anti-dilution protections: if securities issued below $0.45/share, holders receive adjustment; warrants for major exempt issuances.
- Securities sold in unregistered transaction under Section 4(a)(2) and Rule 506 of Regulation D.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1727255/000168316825000474/0001683168-25-000474-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1727255/000168316825000474/chilean_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-000474

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