JanOne Inc. Enters Material Definitive Agreement

TL;DR

**JanOne Inc. just signed a big deal, details pending, but it could shake things up.**

AI Summary

JanOne Inc. filed an 8-K on January 12, 2024, to report an "Entry into a Material Definitive Agreement." This indicates the company has entered into a significant contract or partnership that could impact its future operations or financial standing. While the specific details of the agreement are not disclosed in this summary filing, investors should be aware that such an agreement could lead to new revenue streams, increased expenses, or strategic shifts, potentially affecting the stock's value.

Why It Matters

This filing signals a potentially significant business development for JanOne Inc., which could influence its financial performance and strategic direction. Investors should monitor for further disclosures to understand the nature and impact of this agreement.

Risk Assessment

Risk Level: medium — The risk is medium because a material agreement can be either very beneficial or detrimental, and the specific terms are not yet disclosed.

Analyst Insight

Investors should await further disclosures from JanOne Inc. regarding the specifics of the 'Material Definitive Agreement' before making any investment decisions, as the impact could be significant but is currently unknown.

Key Numbers

• 000-19621 — Commission File Number (identifies JanOne Inc. with the SEC)
• 41-1454591 — IRS Employer Identification No. (identifies JanOne Inc. for tax purposes)
• $0.001 — par value per share (par value of JanOne Inc.'s Common Stock)

Key Players & Entities

• JanOne Inc. (company) — the registrant filing the 8-K
• 03 Life Sciences (company) — organization name associated with the filer
• Nevada (company) — state of incorporation for JanOne Inc.
• The NASDAQ Stock Market LLC (company) — exchange where JanOne Inc.'s common stock is registered

Forward-Looking Statements

• JanOne Inc. will release further details about the 'Material Definitive Agreement'. (JanOne Inc.) — high confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 par value per share JAN The NASDAQ Stoc
• $0.7561 — tock with a per-share exercise price of $0.7561. Pursuant to the terms of the Purchase
• $250,000 — e the Warrant for an aggregate price of $250,000, of which $200,000 was paid at the clos
• $200,000 — n aggregate price of $250,000, of which $200,000 was paid at the closing of the transact
• $50,000 — ng of the transaction and the remaining $50,000 to be paid within 60 days thereafter.

Filing Documents

• jan-20240112.htm (8-K) — 27KB
• exh10100_janwarrantrepurch.htm (EX-10.100) — 54KB
• 0001628280-24-001259.txt ( ) — 219KB
• jan-20240112.xsd (EX-101.SCH) — 2KB
• jan-20240112_lab.xml (EX-101.LAB) — 25KB
• jan-20240112_pre.xml (EX-101.PRE) — 13KB
• jan-20240112_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On January 12, 2024, JanOne Inc. (the " Company ") entered into a Warrant Purchase Agreement (the " Purchase Agreement ") with a certain institutional investor (the " Investor ") that had purchased a Common Stock Purchase Warrant (the "Warrant") on August 22, 2023, in connection with such Investor's purchase of shares of the Company's common stock, all as disclosed in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 23, 2023. The Warrant is exercisable from time to time for an aggregate of 899,348 shares of the Company's common stock with a per-share exercise price of $0.7561. Pursuant to the terms of the Purchase Agreement, the Company or assigns agreed to purchase the Warrant for an aggregate price of $250,000, of which $200,000 was paid at the closing of the transaction and the remaining $50,000 to be paid within 60 days thereafter. The foregoing description of the Purchase Agreement is not complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, a copy of which is filed herewith as Exhibit 10.100 to this Current Report on Form 8-K and is incorporated by reference herein. Section 9 – Financial Statements and Exhibits

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.100 Warrant Purchase Agreement by and between JanOne, Inc. or its assigns and the Investor made effective as of January 12, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, we have duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. JanOne Inc. By: /s/ Tony Isaac Name: Tony Isaac Title: President and Chief Executive Officer Dated: January 12, 2024

View Full Filing

View this 8-K filing on SEC EDGAR