secwatch.observer — SEC 8-K summary
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Issuer:     Paymentus Holdings, Inc. (PAY)
CIK:        0001841156
Form:       8-K
Filed at:   2022-08-30T23:59:59+00:00
Accession:  0000950170-22-017910
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paymentus issues warrants to JPMC affiliate for up to 684,510 shares; interim CFO compensation set
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- Entered Warrant Agreement with JPMC Strategic Investments I Corporation; initial warrant for 171,127.5 shares at $10.10.
- Additional warrants up to 684,510 total shares tied to commercial milestones through Dec 31, 2026.
- Interim CFO Paul Seamon receives $100,000 bonus and 8,177 RSUs (value $100,000), vesting Sep 9, 2023.
- Warrants are immediately exercisable, permit cashless exercise, expire 7 years from issuance.
- Company may elect cash payment to Holder for unvested warrants upon certain acquisition transactions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841156/000095017022017910/0000950170-22-017910-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841156/000095017022017910/pay-20220825.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-017910

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