secwatch.observer — SEC 8-K summary
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Issuer:     Sonendo, Inc. (SONX)
CIK:        0001407973
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0000950170-22-013889
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Sonendo draws $10M Tranche 2 Loan under credit facility; Q2 earnings on Aug 10
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- Drew $10M delayed-draw term loan (Tranche 2) from Perceptive Credit; maturity Aug 23, 2026.
- Interest rate: greater of 1-month LIBOR and 2.00% plus 9.25% margin (default rate +3% to 12.25%).
- Loan secured by substantially all assets; requires $3M cash minimum and revenue covenants ($26.4M–$95.3M rolling 12-month).
- Second $10M tranche available until June 30, 2023, subject to $46M revenue condition and $100M market cap.
- Prepayment premiums range from 7% to 1% if prepaid before Aug 23, 2025; none after.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1407973/000095017022013889/0000950170-22-013889-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1407973/000095017022013889/sonx-20220729.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-013889

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