secwatch.observer — SEC 8-K summary
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Issuer:     FiEE, Inc. (FIEE)
CIK:        0001467761
Form:       8-K
Filed at:   2024-11-18T23:59:59+00:00
Accession:  0001829126-24-007637
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1467761/000182912624007637/0001829126-24-007637-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1467761/000182912624007637/miniminc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-007637

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