Charlie's Holdings, Inc. - Form 8-K Filing

Charlie's Holdings, Inc. has entered into subscription agreements with investors for the sale of 6,350,000 shares of its common stock at a price of $0.20 per share. The total proceeds amount to $1,270,000, with $270,000 paid in cash and $1.0 million through debt forgiveness. These proceeds will be utilized for working capital purposes. The offering was conducted under Section 4(a)(2) of the Securities Act of 1933, indicating a private placement not involving a public offering. The agreement includes standard representations, warranties, and indemnification clauses. The company has expressed substantial doubt regarding its ability to continue as a going concern.