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IR-Med, Inc. 8-K Analysis & Summary – 3/14/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

IR-Med, Inc.
,

Filing date:

03/14/2025

TLDR:

IR-Med, Inc. entered into an Equity Purchase Agreement with Williamsburg Venture Holdings, LLC, for up to $15 million over 24 months, and a Registration Rights Agreement to register the common stock issuable under the Equity Purchase Agreement.

ELI5:

IR-Med, Inc. has made a deal with an investor who will buy up to $15 million worth of company stock over the next two years, giving IR-Med more money to work with. They’ve also agreed to register these shares with the SEC so the investor can resell them later.

Accession #:

0001493152-25-010351

Published on

Analyst Summary

  • IR-Med, Inc. has entered into an Equity Purchase Agreement with Williamsburg Venture Holdings, LLC, potentially providing the company with up to $15 million in funding over a 24-month period.
  • The agreement includes a Registration Rights Agreement, requiring IR-Med to register the common stock issuable under the Equity Purchase Agreement with the SEC.
  • The investor has agreed to accept a put notice of up to $500,000 upon the registration statement being declared effective by the SEC.
  • The per share purchase price for the Put Shares shall be equal to 90% of the market price defined as the average of the two (2) lowest Volume-Weighted Average Price (VWAP) for the five (5) consecutive trading days immediately preceding the relevant Clearing Date.
  • IR-Med will issue 1,000,000 shares of common stock to the Investor in consideration of the Company’s Put rights.
  • The Investor may not acquire at any point, more than 9.99% of the outstanding common stock of the Company.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️