Cingulate Inc. Files 8-K on Equity Sales and Security Holder Rights
Ticker: CINGW · Form: 8-K · Filed: Jul 1, 2024 · CIK: 1862150
| Field | Detail |
|---|---|
| Company | Cingulate Inc. (CINGW) |
| Form Type | 8-K |
| Filed Date | Jul 1, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 9 min |
| Key Dollar Amounts | $0.0001, $0.585, $1.86 million, $50,000, $35,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-sale, material-agreement, security-holder-rights
Related Tickers: CING
TL;DR
Cingulate filed an 8-K detailing equity sales and changes to security holder rights.
AI Summary
On June 28, 2024, Cingulate Inc. entered into a material definitive agreement related to unregistered sales of equity securities. This filing also addresses material modifications to the rights of security holders and includes financial statements and exhibits. The company is incorporated in Delaware and its principal executive offices are located in Kansas City, KS.
Why It Matters
This 8-K filing indicates potential changes in Cingulate Inc.'s capital structure and equity offerings, which could impact existing shareholders and the company's financial standing.
Risk Assessment
Risk Level: medium — Filings related to unregistered equity sales and modifications to security holder rights can introduce uncertainty and potential dilution, warranting a medium risk assessment.
Key Players & Entities
- Cingulate Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- Kansas City, KS (location) — Principal executive offices
- June 28, 2024 (date) — Date of earliest event reported
FAQ
What specific material definitive agreement was entered into by Cingulate Inc. on June 28, 2024?
The filing indicates the entry into a material definitive agreement related to unregistered sales of equity securities, but the specific details of the agreement are not provided in this summary.
What are the primary items reported in this 8-K filing for Cingulate Inc.?
The filing reports on the entry into a material definitive agreement, unregistered sales of equity securities, material modifications to the rights of security holders, and financial statements and exhibits.
Where are Cingulate Inc.'s principal executive offices located?
Cingulate Inc.'s principal executive offices are located at 1901 W. 47th Place, Kansas City, KS 66205.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is June 28, 2024.
In which state is Cingulate Inc. incorporated?
Cingulate Inc. is incorporated in Delaware.
Filing Stats: 2,229 words · 9 min read · ~7 pages · Grade level 13.1 · Accepted 2024-07-01 08:00:24
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share CING The Nasdaq Stock Mar
- $0.585 — Warrants at a reduced exercise price of $0.585 per share in consideration for the Comp
- $1.86 million — gregate gross proceeds of approximately $1.86 million from the exercise of the Existing Warra
- $50,000 — he issuance of the New Warrants of: (i) $50,000 for fees and expenses of the Placement
- $35,000 — of the Placement Agent's counsel, (ii) $35,000 for its non-accountable expenses and (i
- $15,950 — non-accountable expenses and (iii) and $15,950 for its clearing costs. The Company als
- $0.7313 — ts will have an exercise price equal to $0.7313. The issuance of the shares of Common
- $0.704 — mon Stock to a consultant at a value of $0.704 per share. Such issuance was exempt fro
Filing Documents
- form8-k.htm (8-K) — 64KB
- ex4-1.htm (EX-4) — 136KB
- ex4-2.htm (EX-4.2) — 136KB
- ex10-1.htm (EX-10.1) — 62KB
- ex99-1.htm (EX-99.1) — 14KB
- 0001493152-24-025724.txt ( ) — 707KB
- cing-20240628.xsd (EX-101.SCH) — 4KB
- cing-20240628_def.xml (EX-101.DEF) — 26KB
- cing-20240628_lab.xml (EX-101.LAB) — 36KB
- cing-20240628_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 6KB
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. Date: July 1, 2024 CINGULATE, INC. By: /s/ Shane J. Schaffer Name: Shane J. Schaffer Title: Chief Executive Officer