---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-090371"
form_type: "8-K"
ticker: "IRIX"
cik: "0001006045"
company_name: "IRIDEX CORP"
filed_at: "2024-08-05T23:59:59+00:00"
generated_at: "2026-05-31T12:55:57.798087+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Iridex secures $3.5M convertible note from Lind; potential $1.5M add-on

## Summary
- Net proceeds ~$3.5M from $4.2M principal senior convertible note to Lind; $1.5M additional note available.
- Conversion price $2.44/share (floor $0.39); 24-month term, monthly repayments start after 120 days.
- Company may pay in cash (+4% premium) or shares at 90% of avg of 5 lowest VWAPs over 20 trading days.
- 126,968 incentive shares issued at close; additional shares if initial note not repaid within 180 days.
- Company to file resale registration within 30 days and seek stockholder approval for share issuances.

## SEC filing metadata
- accession: 0000950170-24-090371
- form_type: 8-K
- ticker: IRIX
- cik: 0001006045
- company_name: IRIDEX CORP
- filed_at: 2024-08-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1006045/000095017024090371/0000950170-24-090371-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1006045/000095017024090371/irix-20240804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-090371
- JSON: https://secwatch.observer/filing/0000950170-24-090371.json
- Plain text: https://secwatch.observer/filing/0000950170-24-090371.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.