Business Context and Reporting Period
This Form 8-K was filed by Wireless Ronin Technologies, Inc. (noted as Creative Realities, Inc. in metadata) on December 12, 2011. The report details a specific corporate event regarding the issuance of common stock.
Key Financial Metrics
- Shares Issued: 3,320,500 shares of common stock.
- Issue Price: $1.00 per share.
- Gross Proceeds: $3,320,500 (calculated from shares and price).
- Net Proceeds: $3,054,860 (after placement agent fees and expenses, excluding other offering costs).
- Use of Proceeds: General corporate purposes, including working capital.
Material Changes
The filing reports the execution of a capital raise pursuant to subscription agreements previously disclosed in a Form 8-K filed on December 7, 2011. The transaction was conducted under an existing shelf registration statement (File No. 333-161700) declared effective on September 29, 2009. The filing text does not provide comparative financial data for prior periods.
Guidance, Outlook, and Risks
Management indicated the funds will be utilized for working capital and general corporate purposes. The filing does not contain specific forward-looking guidance, risk factors, or contingencies beyond the standard execution of the offering.
Investor Verification Checklist
- Verify the identity of the registrant (Wireless Ronin Technologies, Inc.) versus the metadata name (Creative Realities, Inc.).
- Confirm the details of the subscription agreements referenced in the December 7, 2011 filing.
- Review the specific breakdown of "other offering expenses" not deducted from the net proceeds figure.
- Check the status of the shelf registration statement (File No. 333-161700) for any subsequent amendments or expirations.