Corporate ActionMay 21, 2026, 06:07 AM
Charlie's Holdings Sells 6.35M Shares for $1.27M in Private Placement
AI Summary
Charlie's Holdings, Inc. completed a private placement on May 20, 2026, selling 6,350,000 shares of common stock at $0.20 per share, totaling $1.27 million. The proceeds, comprising $270,000 in cash and $1.0 million in debt forgiveness, will be used for working capital and to amend PMTAs. The offering was conducted as an unregistered sale in reliance on Section 4(a)(2) of the Securities Act.
Key Highlights
- Sold 6,350,000 shares of common stock in a private placement.
- Purchase price per share was $0.20.
- Total proceeds from the offering amounted to $1.27 million.
- Proceeds included $270,000 in cash and $1.0 million from debt forgiveness.
- Funds will be used for working capital and to amend PMTAs.
- The offering was an unregistered sale under Section 4(a)(2) of the Securities Act.
Price Impact
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