secwatch.observer — SEC 8-K summary
======================================

Issuer:     Neptune Wellness Solutions Inc. (—)
CIK:        0001401395
Form:       8-K
Filed at:   2023-05-26T23:59:59+00:00
Accession:  0000950170-23-024528
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.04, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Neptune Wellness waives $2M prepayment, pays $1M now; interest rate jumps to 24%
--------------------------------------------------------------------------------

- Waived $1M of $2M mandatory prepayment due May 15; paid $1M, remaining due July 31, 2023.
- Interest rate on $4.76M principal increased to 24% per annum from March 31 until full prepayment.
- Extension fee of $138,606 added to principal; Delayed Draw Term Notes reduced to $0.
- Collateral Agent gets board observer rights at Sprout Foods until full repayment.
- Company granted waiver of default; further 30-day extension possible if S-1 filed by July 31.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401395/000095017023024528/0000950170-23-024528-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401395/000095017023024528/nept-20230522.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-024528

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