secwatch.observer — SEC 8-K summary
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Issuer:     Sonendo, Inc. (SONX)
CIK:        0001407973
Form:       8-K
Filed at:   2022-04-07T23:59:59+00:00
Accession:  0000950170-22-005463
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonendo amends credit agreement; extends Tranche 2 & 3 borrowing deadlines
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- Tranche 2 borrowing deadline extended to Sept 30, 2022, subject to $36M revenue over trailing 12 months.
- Tranche 3 borrowing deadline extended to June 30, 2023, subject to $46M revenue and $100M market cap condition.
- Warrants exercise price reduced to $12.00 per share for 304,105 shares held by Perceptive.
- Amendment also modifies conditions for Tranche 3 loan notice timing and milestones.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1407973/000095017022005463/0000950170-22-005463-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1407973/000095017022005463/sonx-20220407.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-005463

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