Business Context and Reporting Period
This Form 8-K Current Report for FiEE, Inc. (formerly Minim, Inc.) covers events occurring on February 26, 2025, with a name change effective February 27, 2025. The company is incorporated in Delaware and its common stock (symbol: MINM) is currently suspended on The Nasdaq Capital Market.
Key Financial Metrics
This filing is a current report regarding corporate governance and structural changes. It does not provide revenue, profit, cash flow, margin, debt, or liquidity figures. No financial statements are included in this document.
Material Changes
- Executive Departure: David Lazar resigned as Chief Executive Officer and Chief Financial Officer effective February 26, 2025. The resignation was not due to any disagreement regarding company operations or policies.
- Executive Appointments:
- Li Wai Chung was appointed Chief Executive Officer effective February 26, 2025. He brings experience from Deloitte China, Tyfon Culture Holdings Limited, and various Hong Kong-listed entities.
- Cao Yu was appointed Chief Financial Officer effective February 26, 2025. She previously served as treasury director at Taifeng Cultural Communication Co., Ltd.
- Corporate Name Change: The company officially changed its name from Minim, Inc. to FiEE, Inc., effective February 27, 2025, following the filing of a Certificate of Amendment with the Delaware Secretary of State.
Guidance, Risks, and Unusual Items
The filing contains no forward-looking guidance, financial outlook, or discussion of material risks and contingencies. However, it notes that the new CEO and CFO are parties to an Amended and Restated Securities Purchase Agreement dated February 18, 2025, involving the company and Youxin Consulting Limited (a wholly-controlled entity of the new CEO). This agreement was previously disclosed in an 8-K filed on February 24, 2025.
Investor Verification Checklist
- Verify the status of the stock suspension on The Nasdaq Capital Market and any delisting proceedings.
- Review the Amended and Restated Securities Purchase Agreement (Exhibit 10.1 to the Feb 24, 2025 filing) to understand the financial relationship between the new management and the company.
- Confirm the company's current liquidity position and ability to meet obligations, as no financial data is provided in this report.
- Monitor for the filing of the next periodic report (10-K or 10-Q) to assess the financial impact of the leadership transition.