secwatch.observer — SEC 8-K summary
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Issuer:     FiEE, Inc. (FIEE)
CIK:        0001467761
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001829126-24-004965
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Minim receives delisting notice, trading suspended; CEO sells controlling stake to Yihucha for $5.6M
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- Nasdaq suspended MINM trading on July 24; stock now trades on OTC Pink after missing equity requirement deadline.
- CEO David Lazar sold 627,187 common shares, 2M Series A Preferred, and warrants to Yihucha for $5.6M; Yihucha to own 64% on fully diluted basis.
- Company filed appeal with Nasdaq Listing and Hearing Review Council; submitted plan to regain $2.5M minimum stockholders' equity.
- Sale of securities by CEO is part of plan to restore compliance; closing expected by August 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1467761/000182912624004965/0001829126-24-004965-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1467761/000182912624004965/miniminc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-004965

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