NutriBand Inc. Files 8-K on Equity Sales
Ticker: NTRBW · Form: 8-K · Filed: May 21, 2024 · CIK: 1676047
| Field | Detail |
|---|---|
| Company | Nutriband INC. (NTRBW) |
| Form Type | 8-K |
| Filed Date | May 21, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $300,000, $0.001, $4.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-sale, filing, sec-8k
Related Tickers: NTRB
TL;DR
NutriBand sold unregistered equity, check for dilution.
AI Summary
NutriBand Inc. filed an 8-K on May 21, 2024, reporting on unregistered sales of equity securities and financial statements. The earliest event reported was on May 14, 2024. The company is incorporated in Nevada and its principal executive offices are located in Orlando, Florida.
Why It Matters
This filing indicates potential dilution for existing shareholders due to the unregistered sale of equity securities. Investors should review the details of these sales to understand their impact.
Risk Assessment
Risk Level: medium — Unregistered sales of equity can lead to dilution and may signal financial distress or a need for capital, requiring further investigation.
Key Players & Entities
- NutriBand Inc. (company) — Filer of the 8-K report
- May 14, 2024 (date) — Earliest event date reported in the 8-K
- May 21, 2024 (date) — Date the 8-K was filed
- Nevada (jurisdiction) — State of incorporation for NutriBand Inc.
- Orlando, Florida (location) — Location of NutriBand Inc.'s principal executive offices
FAQ
What specific type of equity securities were sold unregistered?
The filing mentions 'Unregistered Sales of Equity Securities' as an item, but does not specify the exact type of securities in the provided text.
What is the total number of shares or units sold in the unregistered offering?
The provided text does not contain specific details on the quantity of securities sold in the unregistered offering.
What was the price or valuation for the unregistered equity sale?
The filing text does not disclose the price or valuation associated with the unregistered equity sale.
Were there any specific investors involved in the unregistered equity sale?
The provided text does not name any specific investors involved in the unregistered equity sale.
What is the purpose of the unregistered sale of equity securities for NutriBand Inc.?
The filing indicates 'Unregistered Sales of Equity Securities' as an item but does not explicitly state the purpose of these sales in the provided text.
Filing Stats: 528 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2024-05-20 18:16:20
Key Financial Figures
- $300,000 — es LDA (the "Holder") agreed to convert $300,000 of the outstanding principal and accrue
- $0.001 — 6,230 shares of Common Stock, par value $0.001 per share, of the Company at a price of
- $4.00 — per share, of the Company at a price of $4.00 per share, as set forth in below table.
Filing Documents
- ea0206544-8k_nutri.htm (8-K) — 31KB
- ea020654401ex10-33_nutri.htm (EX-10.33) — 24KB
- 0001213900-24-045330.txt ( ) — 270KB
- ntrb-20240514.xsd (EX-101.SCH) — 3KB
- ntrb-20240514_def.xml (EX-101.DEF) — 26KB
- ntrb-20240514_lab.xml (EX-101.LAB) — 36KB
- ntrb-20240514_pre.xml (EX-101.PRE) — 25KB
- ea0206544-8k_nutri_htm.xml (XML) — 5KB
02. Unregistered Sales of Equity Securities
Item 3.02. Unregistered Sales of Equity Securities . Issuance of Stock Upon Conversion of Outstanding Note Pursuant to a Conversion Agreement dated May 14, 2024, TII Jet Services LDA (the "Holder") agreed to convert $300,000 of the outstanding principal and accrued interest as of May 14, 2024, of the Creditline Promissory Note of the Company held by Holder (as amended and restated as of July 13, 2023, the "Note") into 76,230 shares of Common Stock, par value $0.001 per share, of the Company at a price of $4.00 per share, as set forth in below table. Date Title and Amount (1) Purchaser Principal Underwriter Total Offering Price/
Underwriting
Underwriting Discounts May 14, 2024 76,230 shares of common stock issued upon conversion of $300,000 of the outstanding principal amount of and accrued interest on convertible Note of the Company held by TII Jet Services LDA TII Jet Services LDA NA $4.00 per share/NA
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (c) Exhibits. Exhibit Number Description 10.33 Form of Note Conversion Agreement dated May 14, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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 THEREUNTO DULY AUTHORIZED. NUTRIBAND, INC. Date: May 20, 2024 By: /s/ Gareth Sheridan R: Gareth Sheridan Chief Executive Officer 2