Inuvo, Inc. (INUV) Form 8-K — Jul 1, 2026
Inuvo, Inc. entered into a securities purchase agreement for a registered direct offering and concurrent private placement expected to generate approximately $2.97 million in gross proceeds. The company is selling 1,631,121 shares of common stock at $1.00 per share, along with pre-funded warrants and common warrants exercisable at $1.28 per share for a total of nearly 6 million additional shares. Simultaneously, Inuvo closed a note purchase agreement with Streeterville Capital, LLC to secure $10 million through two secured promissory notes with interest rates of 5% and 9%.
Key figures
- Debt Amount
- $10 million
- Interest Rate
- 9.0% (A-1 Note) and 5.0% (B Note)
- Gross Proceeds
- $2.97 million
- Offering Price
- $1.00
- Shares Offered
- 1,631,121
- Note BPrincipal
- $6.2 million
- Note A1 Principal
- $4.142 million
- Prior Debt Retired
- $2.8 million
- Class AWarrant Shares
- 2,968,814
- Class BWarrant Shares
- 2,968,814
- Warrant Exercise Price
- $1.28
- Original Issue Discount
- $342,000
- Pre Funded Warrant Shares
- 1,337,693
Price after filing
Close on the filing date to close N calendar days later (from $1.14). Historical, not a forecast.
AI analysis
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