secwatch.observer — SEC 8-K summary
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Issuer:     GELESIS HOLDINGS, INC. (—)
CIK:        0001805087
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0000950170-23-025395
Event type: debt
Sentiment:  negative
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gelesis issues $350K convertible note and 43.1M warrants at $0.0142 to PureTech
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805087/000095017023025395/0000950170-23-025395-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805087/000095017023025395/gls-20230526.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-025395

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