Minim issues 1.98M Series B Preferred shares at $1.31/share for $2.6M; CEO sells Series A for up to $4M

FiEE, Inc.

Company sells 1,984,733 Series B Preferred shares at $1.31/share, total $2.6M to Cao Yu, Hu Bin, and Youxin Consulting.
Closing requires stockholder vote, resignation of all current directors, and appointment of three investor-nominated directors.
CEO David Lazar separately agrees to sell Series A Preferred: 1.57M shares for $4M (Closing 1) or 2M shares for $500k (Closing 2).
Conditions include Nasdaq listing by Dec 31, 2024; termination of all employment agreements, related-party transactions, and bonus rights.
Securities issued in offshore transaction under Regulation S; no registration under Securities Act.

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