ALT5 Sigma Corp Files 8-K: Material Agreement & Equity Sales
Ticker: ALTS · Form: 8-K · Filed: Aug 23, 2024 · CIK: 862861
Sentiment: neutral
Topics: material-agreement, equity-sale, filing
TL;DR
ALT5 Sigma Corp filed an 8-K on Aug 20 detailing a material agreement and equity sales.
AI Summary
On August 20, 2024, ALT5 Sigma Corporation entered into a Material Definitive Agreement. The company also reported on unregistered sales of equity securities and filed financial statements and exhibits. The filing was made on August 23, 2024.
Why It Matters
This 8-K filing indicates significant corporate activity, including a new material agreement and equity transactions, which could impact the company's financial standing and future operations.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements and unregistered sales of equity, which can introduce financial and operational risks.
Key Numbers
- 000-19621 — SEC File Number (Identifies the company's filing history with the SEC.)
- 41-1454591 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- ALT5 Sigma Corporation (company) — Registrant
- August 20, 2024 (date) — Date of earliest event reported
- August 23, 2024 (date) — Filing date
- Nevada (jurisdiction) — State of incorporation
- JanOne Inc. (company) — Former company name
- APPLIANCE RECYCLING CENTERS OF AMERICA INC /MN (company) — Former company name
FAQ
What is the nature of the Material Definitive Agreement entered into by ALT5 Sigma Corporation?
The filing states that an "Entry into a Material Definitive Agreement" is an item of disclosure, but the specific details of the agreement are not provided in this excerpt.
What type of equity securities were sold unregistered?
The filing indicates "Unregistered Sales of Equity Securities" as an item of disclosure, but the specific type and details of these securities are not elaborated in this provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on August 20, 2024.
What is ALT5 Sigma Corporation's state of incorporation?
ALT5 Sigma Corporation is incorporated in Nevada.
What were ALT5 Sigma Corporation's former company names?
ALT5 Sigma Corporation was formerly known as JanOne Inc. and prior to that, APPLIANCE RECYCLING CENTERS OF AMERICA INC /MN.
Filing Stats: 2,013 words · 8 min read · ~7 pages · Grade level 11.3 · Accepted 2024-08-23 14:38:42
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share ALTS The NASDAQ
- $1,784,000.00 — enture in the principal amount of up to $1,784,000.00 (the "Big Debenture"), and (ii) a warra
- $404,454.39 — enture in the principal amount of up to $404,454.39 (the "Small Debenture", and, together w
- $171,000 — issue discount (an "OID") initially of $171,000.00, which OID can be expanded with up t
- $171,000.00 — l additions, the first in the amount of $171,000.00 and, thereafter, in the amount of $342,
- $342,000 — 00.00 and, thereafter, in the amount of $342,000.00, which OIDs will increase the princi
- $1,271,000.00 — amount owing under the Big Debenture is $1,271,000.00; if, expanded, the principal amount wou
- $1,442,000.00 — the principal amount would increase to $1,442,000.00 and, thereafter, potentially to $1,784,
- $38,863 — will be issued with an OID initially of $38,863.17, which OID can be expanded with up t
- $38,863.17 — l additions, the first in the amount of $38,863.17 and, thereafter, in the amount of $77,7
- $77,728 — 63.17 and, thereafter, in the amount of $77,728.05, which OIDs will increase the princi
- $288,864.17 — ount owing under the Small Debenture is $288,864.17; if, expanded, the principal amount wou
- $327,726.34 — the principal amount would increase to $327,726.34 and, thereafter, potentially to $405.45
- $405.454 — ,726.34 and, thereafter, potentially to $405.454.39. The first potential increase in the
- $1.71 — be exercisable, at an exercise price of $1.71 per share, as follows: (i) 100,000 shar
Filing Documents
- form8-k.htm (8-K) — 61KB
- ex5-1.htm (EX-5.1) — 26KB
- ex10-110.htm (EX-10.110) — 123KB
- ex10-111.htm (EX-10.111) — 55KB
- ex10-112.htm (EX-10.112) — 126KB
- ex10-113.htm (EX-10.113) — 122KB
- ex10-114.htm (EX-10.114) — 54KB
- ex10-115.htm (EX-10.115) — 126KB
- ex23-2.htm (EX-23.2) — 4KB
- ex5-1_001.jpg (GRAPHIC) — 2KB
- ex5-1_002.jpg (GRAPHIC) — 2KB
- 0001493152-24-033672.txt ( ) — 1022KB
- alts-20240820.xsd (EX-101.SCH) — 3KB
- alts-20240820_lab.xml (EX-101.LAB) — 34KB
- alts-20240820_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
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: August 23, 2024