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.

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