FiEE, Inc. (FIEE): debt financing — FiEE raises $4M from Cao Yu and Hu Bin, $15M equity line with Helena, $300K note to Lazar

FiEE, Inc.

Sold 1,585,366 shares to Cao Yu for $2.6M and 853,659 shares to Hu Bin for $1.4M on May 9, 2025.
Entered $15M purchase agreement with Helena for at-the-market equity sales; commitment fee of $150K in stock.
Issued $300K unsecured convertible note to David Lazar, convertible at $0.25/share subject to stockholder approval.
Second amended SPA rescinds Lazar Common Stock issuance; warrant to be cancelled; Lazar Receivables waived.
Engaged David Lazar as service provider to seek Nasdaq reinstatement; target listing by Dec 31, 2025.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FiEE, Inc. incurred convertible notes of $300,000 with David Lazar maturing December 31, 2025.

Instrument: convertible notes
Principal: $300,000
Counterparty: David Lazar
Maturity: December 31, 2025
Event: incurrence

Exact text from the filing

On May 9, 2025, the Company and David Lazar (“Noteholder”) entered into an unsecured promissory note (the “Convertible Note”), under which, effective as of February 18, 2025 (the “Effective Date”), the Company agreed to pay to the Noteholder a principal amount of $300,000, together with interest on the balance of the principal from time to time outstanding, at the rates and at the times described therein. The outstanding principal balance of the Convertible Note shall be paid in full on or prior to December 31, 2025.

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FiEE, Inc. filing history →

Source: SEC EDGAR

accession 0001829126-25-003542

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