other material
confidence high
sentiment neutral
materiality 0.75
FiEE raises $4M via stock sales, inks $15M equity line; issues convertible note; targets Nasdaq relisting
FiEE, Inc.
- Sold 1,585,366 shares to Cao Yu ($2.6M) and 853,659 to Hu Bin ($1.4M) at $1.64/share.
- Entered $15M equity purchase agreement with Helena; company may draw advances at 95% of lowest VWAP.
- Issued $300K convertible note to David Lazar, convertible at $0.25/share, due Dec 31, 2025.
- Engaged Lazar as contractor to pursue Nasdaq relisting; claims $2.5M equity after $4M raise.
- Second Amended SPA rescinded prior Lazar common stock issuance, replaced with convertible note.