secwatch.observer — SEC 8-K summary
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Issuer:     Sonendo, Inc. (SONX)
CIK:        0001407973
Form:       8-K
Filed at:   2022-09-23T23:59:59+00:00
Accession:  0000950170-22-018802
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonendo raises $63M via private placement; discloses NYSE non-compliance risk
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- Sold 23M shares at $0.95 and pre-funded warrants for 43.3M shares; gross proceeds $63M.
- Net proceeds to fund commercialization, product portfolio expansion, and working capital.
- NYSE notified company Aug 26 of non-compliance due to market cap <$50M and equity <$50M.
- Company may remain non-compliant despite raise; delisting risk could materially affect stock.
- Participants include Pura Vida, First Light, Blue Water Life, ArrowMark, Driehaus, JMR Capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1407973/000095017022018802/0000950170-22-018802-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1407973/000095017022018802/sonx-20220922.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-018802

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