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Caring Brands, Inc. entered a Securities Purchase Agreement for a $3.6 million PIPE offering of 3,789.74 shares of Series A Convertible Preferred Stock (conversion price $0.40) and warrants for 9,473,685 common shares (exercise price $0.40), sold unregistered to one accredited investor. Net proceeds will primarily retire 6.25 million insider-held common shares, reducing outstanding common stock from 14,761,925 to 8,511,925 shares.
Event Type
Disclosure
Mandatory
Variant
8-K
were offered and sold by the Company in reliance upon an exemption from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. Item
Unregistered Sales of Equity Securities. The information set forth in Item 1.01 of this Current Report on Form 8-K with regard to the offer and sale of the shar
. Item 9.01 Financial Statements and Exhibits. (d) Exhibits The following exhibits are being filed herewith: Exhibit No. Description 3.1 Certificate of Designat
Material Agreement