debt
confidence high
sentiment neutral
materiality 0.50
SeaStar Medical redeems 126,330 warrants for $449,735 from 3i, LP; terminates related notes.
SeaStar Medical Holding Corp
- Redeemed 126,330 warrants at $3.56 each from institutional investor 3i, LP for total $449,734.80.
- Payment: $100,000 paid July 1, 2024; $349,734.80 deferred to Aug 27, 2024, with 7% annual interest.
- All obligations under the March 2023 securities purchase agreement, convertible notes, and warrants are discharged.
- Warrants were previously classified as liabilities on balance sheet due to certain features.