Jul. 23 at 2:47 AM
$CING Daily Chatgpt posting:
📄 Form 8‑K – Filed July 22, 2025 (Reporting an event on July 21, 2025)
🧩 Key Highlights:
Item 1.01 – Entry Into Material Definitive Agreement
Cingulate signed a purchase agreement and registration rights agreement with Lincoln Park Capital Fund, LLC. Under these agreements:
Lincoln Park commits to purchase up to
$25 million of Cingulate common stock over 36 months.
The company may issue up to 1,004,660 shares (roughly 19.99% of outstanding stock), subject to Nasdaq rules.
Additional accelerated purchases are possible depending on market prices.
On July 21, Cingulate issued 120,424 “Commitment Shares” to Lincoln Park as fee/payment.
Item 3.02 – Unregistered Sales of Equity Securities
The issuance of the 120,424 shares was an unregistered sale to an accredited investor, conducted under SEC exemptions (Regulation D, Rule 506(b)).
