Asset Entities Inc. Files 8-K for Material Agreement
Ticker: SATA · Form: 8-K · Filed: Sep 23, 2024 · CIK: 1920406
| Field | Detail |
|---|---|
| Company | Asset Entities Inc. (SATA) |
| Form Type | 8-K |
| Filed Date | Sep 23, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing-update
TL;DR
Asset Entities Inc. signed a big deal on 9/20/24, filing an 8-K with details.
AI Summary
Asset Entities Inc. entered into a Material Definitive Agreement on September 20, 2024. The filing also includes financial statements and exhibits related to this agreement. The company is incorporated in Nevada and headquartered in Dallas, Texas.
Why It Matters
This filing indicates a significant business development for Asset Entities Inc., potentially impacting its operations and financial standing.
Risk Assessment
Risk Level: medium — Material Definitive Agreements can introduce new risks or opportunities that are not yet fully understood.
Key Numbers
- 001-41612 — SEC File Number (Identifies the company's filing history with the SEC.)
- 88-1293236 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Asset Entities Inc. (company) — Filer
- September 20, 2024 (date) — Date of earliest event reported
- Dallas, TX (location) — Principal executive offices
- Nevada (location) — State of incorporation
FAQ
What is the nature of the Material Definitive Agreement?
The filing does not specify the details of the Material Definitive Agreement, only that one was entered into on September 20, 2024.
When was the report filed?
The report was filed on September 23, 2024.
Where is Asset Entities Inc. headquartered?
Asset Entities Inc. is headquartered at 100 Crescent Ct, 7th Floor, Dallas, TX 75201.
In which state is Asset Entities Inc. incorporated?
Asset Entities Inc. is incorporated in Nevada.
What is the company's SIC code?
The company's Standard Industrial Classification (SIC) code is 7372, which falls under SERVICES-PREPACKAGED SOFTWARE.
Filing Stats: 932 words · 4 min read · ~3 pages · Grade level 16.5 · Accepted 2024-09-23 08:00:24
Key Financial Figures
- $0.0001 — hich registered Class B Common Stock, $0.0001 par value per share ASST The Nasdaq
- $5 million — s Act")), of equity securities of up to $5 million ("Waived ATM") under the Securities Pur
Filing Documents
- ea0215340-8k_asset.htm (8-K) — 28KB
- ea021534001ex10-1_asset.htm (EX-10.1) — 18KB
- 0001213900-24-080810.txt ( ) — 223KB
- asst-20240920.xsd (EX-101.SCH) — 3KB
- asst-20240920_lab.xml (EX-101.LAB) — 33KB
- asst-20240920_pre.xml (EX-101.PRE) — 22KB
- ea0215340-8k_asset_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On September 20, 2024, Asset Entities Inc., a Nevada corporation (the "Company"), entered into a Waiver and Consent, dated as of September 20, 2024 (the "Ionic ATM Waiver"), between the Company and Ionic Ventures, LLC, a California limited liability company ("Ionic"), the sole holder of the Company's Series A Convertible Preferred Stock, $0.0001 par value per share ("Series A Preferred Stock"). Pursuant to the Waiver and Consent, Ionic waived any prohibition, restriction or adverse adjustment that would otherwise apply to any action of the Company relating to an "at the market offering" (as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended (the "Securities Act")), of equity securities of up to $5 million ("Waived ATM") under the Securities Purchase Agreement, dated as of May 24, 2024, between the Company and Ionic, as amended by the First Amendment to Securities Purchase Agreement, dated as of June 13, 2024, between the Company and Ionic (as amended, the "Ionic Purchase Agreement"), or the Series A Certificate of Designation of Series A Convertible Preferred Stock of the Company filed with the Secretary of State of the State of Nevada on May 24, 2024, as amended by the Certificate of Amendment to Designation filed with the Secretary of State of the with the Secretary of State of the State of Nevada on September 4, 2024 at 9:58 AM Pacific Time, as amended by the Certificate of Amendment to Designation of Series A Convertible Preferred Stock filed with the Secretary of State of the State of Nevada on September 4, 2024 at 11:38 AM Pacific Time (as amended, the "Series A Certificate of Designation"). Pursuant to the Ionic ATM Waiver, regardless of the terms and conditions of the Ionic Purchase Agreement and the Series A Certificate of Designation, the Company
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Waiver and Consent, dated as of September 20, 2024, between Asset Entities Inc. and Ionic Ventures, LLC 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 Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: September 23, 2024 ASSET ENTITIES INC. /s/ Arshia Sarkhani Name: Arshia Sarkhani Title: Chief Executive Officer and President 2