DatChat, Inc. Files 8-K with Material Agreement Details
Ticker: MYSEW · Form: 8-K · Filed: Aug 29, 2024 · CIK: 1648960
| Field | Detail |
|---|---|
| Company | Datchat, Inc. (MYSEW) |
| Form Type | 8-K |
| Filed Date | Aug 29, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $4.98 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-statements, warrants
Related Tickers: DATS
TL;DR
DATS filed an 8-K detailing a material agreement and financial exhibits.
AI Summary
On August 27, 2024, DatChat, Inc. entered into a Material Definitive Agreement related to its Series W warrants. The company also filed financial statements and exhibits as part of this 8-K filing. The filing details the company's corporate structure and financial reporting obligations.
Why It Matters
This filing provides crucial updates on DatChat's financial instruments and reporting, which can impact investor understanding of the company's financial health and future obligations.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements and financial statements, which can indicate significant corporate actions or financial shifts that warrant investor attention.
Key Numbers
- 0.0001 — Par Value (Common Stock par value)
- 4.98 — Exercise Price (Series W Warrants exercise price)
Key Players & Entities
- DatChat, Inc. (company) — Registrant
- August 27, 2024 (date) — Date of earliest event reported
- Series W warrants (financial_instrument) — Subject of material definitive agreement
- 001-40729 (identifier) — Commission File Number
- 47-2502264 (identifier) — I. R. S. Employer Identification No.
FAQ
What is the nature of the Material Definitive Agreement filed by DatChat, Inc. on August 27, 2024?
The filing indicates a Material Definitive Agreement related to DatChat, Inc.'s Series W warrants, exercisable for one share of common stock at an exercise price of $4.98.
What is the exact date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is August 27, 2024.
What is DatChat, Inc.'s Commission File Number?
DatChat, Inc.'s Commission File Number is 001-40729.
What is the par value of DatChat, Inc.'s common stock?
The par value of DatChat, Inc.'s common stock is $0.0001.
In which state is DatChat, Inc. incorporated?
DatChat, Inc. is incorporated in Nevada.
Filing Stats: 707 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-08-29 16:26:59
Key Financial Figures
- $0.0001 — ge on which registered: Common Stock, $0.0001 par value DATS The Nasdaq Stock Mar
- $4.98 — of Common Stock at an exercise price of $4.98 DATSW The Nasdaq Stock Market LLC
Filing Documents
- ea0212909-8k_datchat.htm (8-K) — 31KB
- ea021290901ex10-1_datchat.htm (EX-10.1) — 84KB
- ea021290901ex99-1_datchat.htm (EX-99.1) — 7KB
- ex99-1_001.jpg (GRAPHIC) — 3KB
- 0001213900-24-073909.txt ( ) — 364KB
- dats-20240827.xsd (EX-101.SCH) — 4KB
- dats-20240827_def.xml (EX-101.DEF) — 26KB
- dats-20240827_lab.xml (EX-101.LAB) — 36KB
- dats-20240827_pre.xml (EX-101.PRE) — 25KB
- ea0212909-8k_datchat_htm.xml (XML) — 6KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On August 27, 2024, DatChat, Inc. (the "Company") entered into an Asset Purchase Agreement with Judaopta LLC, a Delaware limited liability company (the "Seller"), pursuant to which it acquired from Seller (i) certain software (the "RenAI Software"), which consists of an artificial intelligence (AI) tool designed used for media library organization with the ability to tag and rename images for PC and MAC devices using AI with integration to Gemini, OpenAI and Claude and (ii) certain domain names (the "Assets") in consideration for the transfer by the Company of 8,000,000 restricted shares of common stock of Dragon Interact, Inc., a majority-owned subsidiary of the Company. The foregoing summary of the Purchase Agreement does not purport to be a complete description and is qualified in its entirety by the full text of the Purchase Agreement, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
01 Other Events
Item 8.01 Other Events. On August 29, 2024, the Company issued a press release announcing the Purchase Agreement and acquisition of the Assets. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1#* Asset Purchase Agreement entered into as of August 27, 2024 by and among DatChat, Inc. and Judaopta LLC. 99.1 Press Release dated August 29, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) # Pursuant to Item 601(b)(10) of Regulation S-K, certain confidential portions of this exhibit were omitted by means of marking such portions with an asterisk because the identified confidential portions (i) are not material and (ii) would be competitively harmful if publicly disclosed. * The schedules (and similar attachments) to this exhibit have been omitted from this filing pursuant to Item 601(b)(2) of Regulation S-K. The Company agrees to furnish a supplemental copy of any omitted schedule (or similar attachment) to the Securities and Exchange Commission upon request. -1-
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. DATCHAT, INC. Dated: August 29, 2024 By: /s/ Darin Myman Name: Darin Myman Title: Chief Executive Officer -2-