GELESIS HOLDINGS, INC.: debt financing — Gelesis issues $350K convertible note and 43.1M warrants at $0.0142 to PureTech

GELESIS HOLDINGS, INC.

Issued $350,000 aggregate principal of Convertible Senior Secured Note to PureTech Health LLC (12% annual interest).
Issued warrants to purchase up to 43,133,803 shares of common stock at an exercise price of $0.0142 per share.
Note and warrants sold unregistered under Section 4(a)(2) and Regulation D of the Securities Act.
Limited waiver of Additional Notes Purchase Conditions allowed third closing under existing NPA.
Total outstanding notes from PureTech now $7.35 million following this issuance.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GELESIS HOLDINGS, INC. incurred convertible notes of $350,000 with PureTech Health LLC.

Instrument: convertible notes
Principal: $350,000
Counterparty: PureTech Health LLC
Event: incurrence

Exact text from the filing

On May 26, 2023, the Note Parties entered into a Limited Waiver to the NPA (the “Waiver”), pursuant to which the Initial Investor waived the Amended Conditions with respect to the issuance of $350,000 aggregate principal amount of Additional Notes (the “Third Closing Notes”) to the Initial Investor.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GELESIS HOLDINGS, INC. amended Limited Waiver to the NPA with PureTech Health LLC (effective 2023-05-26).

Action: amendment
Counterparty: PureTech Health LLC
Effective: 2023-05-26

Exact text from the filing

On May 26, 2023, the Note Parties entered into a Limited Waiver to the NPA (the “Waiver”), pursuant to which the Initial Investor waived the Amended Conditions with respect to the issuance of $350,000 aggregate principal amount of Additional Notes (the “Third Closing Notes”) to the Initial Investor.

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Source: SEC EDGAR

accession 0000950170-23-025395

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