Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities · Regulation FD Disclosure
Item 1.01. Entry into a Material Definitive Agreement. This Amendment No.1 to Current Report on Form 8-K/A amends and updates the Form 8-K filed by Zedge, Inc. (the “Company”) on September 10, 2026 (the “Initial Report”).…
Zedge builds and operates creator communities that serve 20 million monthly active users across its platforms. Zedge Marketplace, its flagship platform, is a leading marketplace for mobile personalization content and a core profit and cash flow generator. DataSeeds. AI is Zedge’s B2B AI data business, providing managed, multimodal data creation and related services for AI developers and enterprises. DataSeeds draws on Zedge’s proprietary creator communities, including Zedge Marketplace contributors and the GuruShots photography community, as well as broader crowdsourcing and a network of production partners to deliver rights-cleared data built to customer specifications.
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Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01. Entry into a Material Definitive Agreement.
This
Amendment No.1 to Current Report on Form 8-K/A amends and updates the Form 8-K filed by Zedge, Inc. (the “Company”) on September
10, 2026 (the “Initial Report”). As previously disclosed in the Initial Report, the Company entered into a Securities Purchase
Agreement on September 8 and 10, 2026 (the “Purchase Agreement”) with Howard Jonas, the Company’s Vice Chairman, Elliot
Gibber, a member of the Company’s Board of Directors, and another Company stockholder.
Effective September 23, 2026, with the consent of the Company, Mr.
Jonas assigned all of his rights and obligations as a purchaser under the Purchase Agreement to Chartwell Holding LLC (“Chartwell”),
and Chartwell assumed Mr. Jonas’s obligation to pay $6,500,000 and his right to receive 2,218,430 shares of the Company’s
Class B common stock, par value $0.01 per share (the “Class B Common Stock”), and warrants to purchase 1,996,587 shares (and
not 1,996,857 shares as set forth in the Initial Report) of Class B Common Stock. Mr. Jonas and his wife are the sole beneficiaries of
Chartwell, and Mr. Jonas is deemed to beneficially own the securities held by Chartwell.
Item 3.02Item 3.02 - Unregistered Sales of Equity
Item 3.02. Unregistered Sales of Equity Securities.
The information set forth in Item 1.01 of this Current Report on Form
8-K is incorporated herein by reference.
On September 25, 2026, the Company completed the private placement
contemplated by the Purchase Agreement. At the closings thereunder, the Company issued an aggregate of 2,616,447 shares of Class B Common
Stock and warrants to purchase an aggregate of 2,354,803 shares of Class B Common Stock (the “Warrants”) for aggregate gross
proceeds of $7,675,000.
The Warrants issued to Chartwell and Mr. Gibber have an exercise price
of $3.22 per share, and the Warrants issued to the remaining purchaser have an exercise price of $3.28 per share, in each case subject
to adjustment as set forth in the Warrants. The Warrants become exercisable on the later of: (i) the date of receipt of the requisite
stockholder approval under NYSE American rules for issuance of the Warrants and the shares of Class B Common Stock issuable upon exercise
of the Warrants; and (ii) March 11, 2027 (for Mr. Gibber) or March 25, 2027 (for Chartwell and the remaining purchaser).
The shares of Class B Common Stock and Warrants were issued in reliance
on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506(b) of Regulation
D promulgated thereunder. No placement agent or underwriting commissions were paid in connection with the private placement.
The foregoing summaries are qualified in their entirety by reference
to the Purchase Agreement and form of Warrant, filed as Exhibits 10.1 and 4.1 to the Initial Report, respectively, and incorporated herein
by reference.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
On September 30, 2026, the Company
issued a press release announcing the completion of the private placement. A copy of the press release is furnished as Exhibit 99.1 to
this Current Report on Form 8-K.
The information in this Item 7.01 and Exhibit 99.1 is furnished and
shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject
to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933,
as amended, or the Securities Exchange Act of 1934, as amended, except as expressly set forth by specific reference in such filing.
Filed exhibits (1)
EX-99.1 (by filename) ea030698401ex99-1.htm
Exhibit 99.1
Zedge Completes $7.7 Million Private Placement
Led by Vice Chairman Howard Jonas
New York, NY - Sep. 30, 2026: Zedge,
Inc. (NYSE AMERICAN: ZDGE), $ZDGE, a company that builds and operates creator communities serving
20 million monthly active users, today announced the completion of its previously announced private placement, generating aggregate
gross proceeds of $7.675 million.
As previously announced, Zedge intends to use
the additional capital to accelerate the growth of DataSeeds. AI and broaden its capabilities while maintaining the Company’s financial
flexibility and continuing to support opportunities across its existing businesses. Zedge’s goal is to build DataSeeds into a core
business by expanding its team, capabilities and reach across the AI data value chain.
The Company issued an aggregate of 2,616,447 shares
of Class B common stock and warrants to purchase an aggregate of 2,354,803 shares of Class B common stock.
The investment was led by Vice Chairman Howard
Jonas through Chartwell Holding LLC, an entity of which Mr. Jonas and his wife are the sole beneficiaries. Chartwell invested $6.5 million
and received 2,218,430 shares of Class B common stock a…