---
schema_version: "secwatch.filing_event.v1"
accession: "0000944809-23-000008"
form_type: "8-K"
ticker: "OPK"
cik: "0000944809"
company_name: "OPKO HEALTH, INC."
filed_at: "2023-02-10T23:59:59+00:00"
generated_at: "2026-06-19T18:57:25.518910+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# OPKO extends $55M convertible notes maturity to Jan 2025, lowers conversion price to $1.66

## Summary
- Original $55M 5% convertible notes due Feb 2023 amended to extend maturity to Jan 31, 2025.
- Conversion price reset to $1.66 (10-day VWAP plus 25% premium), down from $5.00 per share.
- Interest continues to accrue from last payment date; other terms unchanged.
- Notes and shares issuable upon conversion were not registered under Securities Act, relying on Section 4(a)(2) exemption.

## SEC filing metadata
- accession: 0000944809-23-000008
- form_type: 8-K
- ticker: OPK
- cik: 0000944809
- company_name: OPKO HEALTH, INC.
- filed_at: 2023-02-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/944809/000094480923000008/0000944809-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/944809/000094480923000008/opk-20230210.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000944809-23-000008
- JSON: https://secwatch.observer/filing/0000944809-23-000008.json
- Plain text: https://secwatch.observer/filing/0000944809-23-000008.txt

## Key facts
- Debt Financings
  OPKO HEALTH, INC. amended convertible notes at 5% maturing extend the maturity to January 31, 2025.
  - Instrument: convertible notes
  - Rate: 5%
  - Maturity: extend the maturity to January 31, 2025
  - Event: amendment
  source text: On or about February 10, 2023, the Company amended the Notes to extend the maturity to January 31, 2025, and to reset the conversion price to the 10 day volume weighted average price immediately preceding the date of the amended note, plus a 25% conversion premium, or $1.66.
  evidence_url: https://www.sec.gov/Archives/edgar/data/944809/000094480923000008/0000944809-23-000008-index.htm
- Material Agreements
  OPKO HEALTH, INC. amended 5% Convertible Promissory Notes with each holder of a Note (effective 2023-02-10).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: each holder of a Note
  - Effective: 2023-02-10
  source text: On or about February 10, 2023, the Company amended the Notes to extend the maturity to January 31, 2025, and to reset the conversion price to the 10 day volume weighted average price immediately preceding the date of the amended note, plus a 25% conversion premium, or $1.66.
  evidence_url: https://www.sec.gov/Archives/edgar/data/944809/000094480923000008/0000944809-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.