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Form 8-K · Current Report · Filed 2024-09-30

Asset Entities Inc. Enters into Sales Agreement with A.G.P./Alliance Global Partners

On September 27, 2024, Asset Entities Inc.

Filer
Asset Entities Inc. ASST · NASDAQ
Filed
Accession
0001213900-24-082950
CIK
0001920406
Signal
Medium impactCommunication Services

Details

entered into a Sales Agreement with A.G.P./Alliance Global Partners, under which the Company may issue and sell up to $1,791,704 of its Class B Common Stock through at-the-market offerings. The Sales Agreement allows the Company to instruct the Sales Agent to sell shares within specified parameters and sets forth the terms for the commission and reimbursement of fees. The agreement can be terminated by either party with five days' prior written notice under certain conditions.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

New Major Contract
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$29.40

Next session

-12.9%

Since filing

-1.2%

Latest close

$29.04

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from ASST reporting the same item, with the next session's move:

Asset Entities Inc. Waives Certain Rights with Boustead Securities, LLC-7.8%
Asset Entities Inc. and Ionic Ventures, LLC Enter Waiver and Consent Agreement+5.7%
Asset Entities Inc. Amends Convertible Preferred Stock Designations+18.5%
Asset Entities Completes $1.5M Second Closing of Series A Convertible Preferred Stock Financing+1.4%
Asset Entities Regains Nasdaq Compliance-4.1%

Exhibits (2)

About Asset Entities Inc.

Asset Entities Inc. is a service-oriented company that focuses on providing innovative social media marketing and content creation solutions. Its primary mission is to assist clients in enhancing their brand visibility and engagement through strategic content design and distribution. By leveraging advanced digital marketing techniques and a deep understanding of social media dynamics, Asset Entities Inc. plays a pivotal role in shaping modern marketing strategies for businesses across various sectors. The company's services impact industries ranging from technology to retail, by facilitating more effective consumer interactions and driving brand loyalty. In the financial market, Asset Entities Inc. is recognized for its potential to adapt and thrive in the evolving digital media landscape, serving as a crucial resource for companies seeking to navigate and capitalize on the complexities of social media platforms.

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