secwatch.observer — SEC 8-K summary
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Issuer:     Sonendo, Inc. (SONX)
CIK:        0001407973
Form:       8-K
Filed at:   2025-03-04T23:59:59+00:00
Accession:  0000950170-25-031237
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonendo defers debt amortization, conditions relief on $8M equity raise by March 31
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- Feb 28, 2025 amortization payment deferred to March 31; waived if $8M gross proceeds equity raise completed by that date.
- No amortization payments due through Sept 30, 2025 if equity raise closes; further deferral through March 2026 needs $5M additional financing.
- Going concern qualification in FY2024 audit waived; revenue covenants adjusted downward contingent on equity raise.
- Amendment signed with Perceptive Credit Holdings III, LP as sole lender and collateral agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1407973/000095017025031237/0000950170-25-031237-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1407973/000095017025031237/sonx-20250228.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-031237

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