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On May 9, 2025, FiEE, Inc. (NASDAQ:MINM), a Delaware-incorporated telecommunications apparatus manufacturer, disclosed several agreements through an 8-K filing with the Securities and Exchange Commission (SEC). The company has entered into material definitive agreements, created direct financial obligations, and reported unregistered sales of equity securities.
FiEE, Inc. finalized two securities purchase agreements, one with Cao Yu for the sale of 1,585,366 common shares at $2.6 million and another with Hu Bin for 853,659 shares at $1.4 million. Moreover, the company established a purchase agreement with Helena Global Investment Opportunities I Ltd., allowing FiEE, Inc. to sell up to $15 million of its common stock to Helena over a 36-month period, subject to certain limitations.
The company also amended and restated a previous securities purchase agreement to exclude references to an issuance of common stock and earnout shares. This amendment was made in connection with a convertible note agreement with David Lazar, a director and former officer of the company. The note, with a principal amount of $300,000, is due by December 31, 2025, and may convert into common stock at $0.25 per share upon stockholder approval.
Furthermore, FiEE, Inc. has entered into a services agreement with David Lazar, who will work towards re-listing the company’s stock on the Nasdaq exchange by the end of 2025.
The securities issued under these agreements are exempt from registration under Section 4(a)(2) of the Securities Act of 1933. The company’s shares are currently suspended from trading on the Nasdaq Capital Market.
This information is based on a press release statement.
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