8-K
filed February 24, 2025, 6:59 PM ET
ticker FIEE
CIK 0001467761
other material
confidence high
sentiment neutral
materiality 0.75
FiEE, Inc. (FIEE): M&A transaction — Change of control: Purchasers own 90.6% of MINM; all five directors resign
FiEE, Inc.
- Purchasers acquired 90.6% of common stock on fully diluted basis; after conversion increase will own 55%.
- Purchase price $500k plus potential $3.4M earnout if Nasdaq listing achieved by Dec 31, 2025.
- Five directors (Ben-Tzvi, Papanicolau, McMurdo, Rivard, Natan) resigned effective Feb 19, 2025.
- Board size reduced to three; Company's stock currently suspended from Nasdaq.
- Amendment No. 1 extends outside date for prior SPA from Dec 31, 2024 to Dec 31, 2025.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Avraham Ben-Tzvi resigned as director at FiEE, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Effective as of February 19, 2025, Avraham Ben-Tzvi, Andrew Papanicolau, Matthew McMurdo, Patrick Rivard, and David Natan resigned as directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Patrick Rivard resigned as director at FiEE, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Effective as of February 19, 2025, Avraham Ben-Tzvi, Andrew Papanicolau, Matthew McMurdo, Patrick Rivard, and David Natan resigned as directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Andrew Papanicolau resigned as director at FiEE, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Effective as of February 19, 2025, Avraham Ben-Tzvi, Andrew Papanicolau, Matthew McMurdo, Patrick Rivard, and David Natan resigned as directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matthew McMurdo resigned as director at FiEE, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Effective as of February 19, 2025, Avraham Ben-Tzvi, Andrew Papanicolau, Matthew McMurdo, Patrick Rivard, and David Natan resigned as directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Natan resigned as director at FiEE, Inc..
- Action
- resigned
- Role
- director
Exact text from the filing
Effective as of February 19, 2025, Avraham Ben-Tzvi, Andrew Papanicolau, Matthew McMurdo, Patrick Rivard, and David Natan resigned as directors of the Company.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
FiEE, Inc. underwent a change of control involving Cao Yu, Hu Bin, and Youxin Consulting Limited for $500,000 (closed 2025-02-18).
- Action
- change of control
- Counterparty
- Cao Yu, Hu Bin, and Youxin Consulting Limited
- Consideration
- $500,000
- Closing
- 2025-02-18
Exact text from the filing
Purchasers also purchased certain receivables that the Company owed to Seller (the “ Lazar Receivables ”). The purchase price for the Securities and the Lazar Receivables was $500,000. As further consideration for the sale of the Securities, Seller has the opportunity to be paid by the Purchasers an additional $3,400,000, less any indemnity and other
View on SEC.gov
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