secwatch.observer — SEC 8-K summary
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Issuer:     OPKO HEALTH, INC. (OPK)
CIK:        0000944809
Form:       8-K
Filed at:   2023-02-10T23:59:59+00:00
Accession:  0000944809-23-000008
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944809/000094480923000008/0000944809-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944809/000094480923000008/opk-20230210.htm
  HTML page:      https://secwatch.observer/filing/0000944809-23-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer