Asset Entities Inc. Files 8-K Under 'Other Events'

TL;DR

Asset Entities Inc. filed an 8-K for 'Other Events' on Aug 14. Details TBD.

AI Summary

Asset Entities Inc. filed an 8-K on August 15, 2024, reporting an event on August 14, 2024. The filing is categorized under 'Other Events' and does not specify any material agreements, acquisitions, or executive changes. The company is incorporated in Nevada and headquartered in Dallas, Texas.

Why It Matters

This 8-K filing indicates a disclosure event for Asset Entities Inc., though the specific nature of the 'Other Events' is not detailed, requiring further investigation for its impact.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for 'Other Events' without immediate disclosure of significant financial or operational changes.

Key Players & Entities

• Asset Entities Inc. (company) — Filer
• August 14, 2024 (date) — Earliest event reported
• August 15, 2024 (date) — Date of report
• Nevada (jurisdiction) — State of incorporation
• Dallas, TX (location) — Principal executive offices
• 75201 (zip_code) — Zip code of principal executive offices
• 214-459-3117 (phone_number) — Company's telephone number

FAQ

Key Financial Figures

• $0.0001 — hich registered Class B Common Stock, $0.0001 par value per share ASST The Nasdaq
• $2,097,090 — the Company had stockholders' equity of $2,097,090 (the "Form 10-Q"). As further reported
• $3,000,000 — er share, for maximum gross proceeds of $3,000,000. The shares of the Series A Preferred S
• $1,500,000 — A Preferred Stock for gross proceeds of $1,500,000, occurred on July 29, 2024, which was t
• $2,500,000 — -Q, the Company maintained a minimum of $2,500,000 in stockholders' equity as required for

Filing Documents

• ea021158501-8k_asset.htm (8-K) — 25KB
• 0001213900-24-069785.txt ( ) — 195KB
• asst-20240814.xsd (EX-101.SCH) — 3KB
• asst-20240814_lab.xml (EX-101.LAB) — 33KB
• asst-20240814_pre.xml (EX-101.PRE) — 22KB
• ea021158501-8k_asset_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. Stockholders' Equity Update As reported in its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2024 filed on August 14, 2024, Asset Entities Inc., a Nevada corporation (the "Company"), as of June 30, 2024, the Company had stockholders' equity of $2,097,090 (the "Form 10-Q"). As further reported in the Form 10-Q and the Current Report on Form 8-K filed by the Company on July 30, 2024, under the Securities Purchase Agreement, dated as of May 24, 2024, as amended by a First Amendment to Securities Purchase Agreement, dated as of June 13, 2024 (as amended, the "Ionic Purchase Agreement"), between the Company and Ionic Ventures, LLC, a California limited liability company ("Ionic"), the Company agreed to the issuance and sale of up to 330 shares of the Company's newly designated Series A Convertible Preferred Stock, $0.0001 par value per share, for maximum gross proceeds of $3,000,000. The shares of the Series A Preferred Stock are convertible into shares of Class B Common Stock. Pursuant to the Ionic Purchase Agreement, the Company was required to issue and sell 165 shares of Series A Preferred Stock at each of two closings subject to the satisfaction of the terms and conditions for each closing. The second closing (the "Second Closing"), for the issuance and sale of 165 shares of Series A Preferred Stock for gross proceeds of $1,500,000, occurred on July 29, 2024, which was the first business day on which the conditions specified in the Ionic Purchase Agreement for the Second Closing were satisfied or waived. As a result of the Second Closing, as of August 14, 2024, the date of the filing of the Form 10-Q, the Company maintained a minimum of $2,500,000 in stockholders' equity as required for continued listing on The Nasdaq Capital Market tier of The Nasdaq Stock Market LLC.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: August 15, 2024 ASSET ENTITIES INC. /s/ Arshia Sarkhani Name: Arshia Sarkhani Title: Chief Executive Officer and President

View Full Filing

View this 8-K filing on SEC EDGAR