Ainos (AIMD) Enters Material Agreement, Incurs Financial Obligation

TL;DR

**Ainos just took on new debt or made a big deal, watch for details on impact.**

AI Summary

Ainos, Inc. (AIMD) filed an 8-K on January 25, 2024, reporting that on January 23, 2024, it entered into a material definitive agreement and incurred a direct financial obligation. This filing indicates that Ainos has secured new financing or made a significant financial commitment, which could impact its operational liquidity and future growth prospects. Investors should understand the details of this agreement as it may affect the company's financial health and stock performance.

Why It Matters

This filing signals a new financial commitment for Ainos, Inc., which could either fuel growth or strain its balance sheet, directly impacting shareholder value.

Risk Assessment

Risk Level: medium — The filing indicates a new financial obligation without specifying its nature or amount, creating uncertainty about its potential positive or negative impact on the company.

Analyst Insight

Investors should await further disclosures from Ainos, Inc. regarding the specifics of the material agreement and financial obligation to assess its true impact on the company's financial health and future prospects before making any investment decisions.

Key Players & Entities

• Ainos, Inc. (company) — the registrant filing the 8-K
• January 23, 2024 (date) — date of the earliest event reported
• January 25, 2024 (date) — date the 8-K was filed
• AIMD (company) — trading symbol for Common Stock
• AIMDW (company) — trading symbol for Warrants to purchase Common Stock

Forward-Looking Statements

• Ainos, Inc. will release further details about the material definitive agreement and financial obligation in a subsequent filing or press release. (Ainos, Inc.) — high confidence, target: Q1 2024
• The new financial obligation will impact Ainos, Inc.'s cash flow and liquidity in the upcoming quarters. (Ainos, Inc.) — medium confidence, target: Q2 2024

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share AIMD The Nasdaq Stock Mar
• $7.50 — at an initial conversion price equal to $7.50 per share, reverse-split adjusted, and
• $2.16 — ,021,400 shares at an exercise price of $2.16 per share. The company issued to the Pl
• $8 — stock at an exercise price per share of $8.25, subject to adjustment. In addition,

Filing Documents

• aimd_8k.htm (8-K) — 30KB
• aimd_41.htm (EX-4.1) — 16KB
• aimd_991.htm (EX-99.1) — 14KB
• 0001654954-24-000933.txt ( ) — 208KB
• aimd-20240123.xsd (EX-101.SCH) — 6KB
• aimd-20240123_lab.xml (EX-101.LAB) — 16KB
• aimd-20240123_cal.xml (EX-101.CAL) — 1KB
• aimd-20240123_pre.xml (EX-101.PRE) — 12KB
• aimd-20240123_def.xml (EX-101.DEF) — 4KB
• aimd_8k_htm.xml (XML) — 5KB

01. Entry Into a Material Definitive Agreement

Item 1.01. Entry Into a Material Definitive Agreement. Lind Financing Pursuant to the previously disclosed Securities Purchase Agreement ("SPA") with Lind Global Fund II LP ("Lind"), Ainos, Inc., a Texas Corporation ("Ainos", "we" or the "Company"), exercised their rights under Section 2.1 of the SPA to raise additional financing in the principal amount of USD 1,750,000.00 with USD 875,000.00 funded at closing and USD 875,000.00 to be funded subject to an effective registration statement and other conditions specified in the SPA and the First Amendment to Senior Secured Convertible Promissory Note (as amended, the "Note") The Maturity Date of the Note was amended to March 28, 2025, provided that the Company may extend such date to July 28, 2025. In the event the Company exercises its right to extend the Maturity Date, for each month of extension, the principal amount in the Note will be increased by 1% of the principal amount outstanding upon the date of the notice of extension, up to a maximum amount of 4%. The Note will be convertible into Ainos' shares of common stock at an initial conversion price equal to $7.50 per share, reverse-split adjusted, and subject to adjustment as further specified in the Note. The minimum market capitalization requirement applicable to the Note was reduced to USD 7,000,000.00 with grace period specified in the Note.. In connection with the amendment and additional closing contemplated under the Note, the Company will issue Lind a warrant to purchase 1,021,400 shares at an exercise price of $2.16 per share. The company issued to the Placement Agents warrants to purchase 4,666 shares of the Company's common stock at an exercise price per share of $8.25, subject to adjustment. In addition, the Company paid the Placement Agents a cash fee of 7% of the gross proceeds. Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The matters disclosed relating Ain

01 Other Events

Item 8.01 Other Events. The Company issued a press release on January 24, 2024 announcing the placement. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

01 Exhibits

Item 9.01 Exhibits. Exhibit Number Exhibit 4.1 First Amendment, dated January 23, 2024, to Senior Secured Convertible Promissory Note dated as of September 28, 2023 4.2 Common Stock Purchase Warrant, dated January 23, 2024 99.1 Press Release of Ainos, Inc., dated January 24, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Ainos, Inc. Date: January 24, 2024 By: /s/ Chun-Hsien Tsai Name: Chun-Hsien Tsai Title: Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR