secwatch.observer — SEC 8-K summary
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Issuer:     SeaStar Medical Holding Corp (ICU)
CIK:        0001831868
Form:       8-K
Filed at:   2024-07-05T23:59:59+00:00
Accession:  0000950170-24-081874
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

SeaStar Medical self-reports potential Nasdaq rule violation for share issuance
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- Company notified Nasdaq of possible violation of Listing Rule 5635(d)(2) regarding convertible-note conversion and warrant exercise.
- $9.8M convertible notes issued in four tranches with warrants equal to 25% of conversion amount per March 2023 SPA.
- Aug and Dec 2023 amendments added $2.2M notes each, reset conversion price to $0.20, and issued 4,765,620 (190,624 post-R/S) and 1,055,416 (42,216 post-R/S) additional warrants.
- Company requests Nasdaq determination; committed to full shareholder-approval compliance and adviser engagement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831868/000095017024081874/0000950170-24-081874-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831868/000095017024081874/icu-20240703.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-081874

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