---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-042190"
form_type: "8-K"
ticker: "IRIX"
cik: "0001006045"
company_name: "IRIDEX CORP"
filed_at: "2025-03-20T23:59:59+00:00"
generated_at: "2026-05-24T09:37:21.511411+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IRIDEX raises $10M via preferred stock and convertible note; repays Lind debt; new CFO and directors

## Summary
- Issued 600K Series B Preferred at $10/sh (convertible into 3M common) and $4M 12% convertible note to Novel Inspiration.
- Repaid Lind Global $3.33M, terminating Lind convertible note; remaining proceeds for general corporate purposes.
- Board appointed William Moore and Nick Chen as directors (Novel nominees) effective upon closing.
- Romeo Dizon appointed CFO (replacing Fuad Ahmad); $300K base salary and change-in-control severance.
- Novel receives registration rights, two board seats, and veto power over specified corporate actions.

## SEC filing metadata
- accession: 0000950170-25-042190
- form_type: 8-K
- ticker: IRIX
- cik: 0001006045
- company_name: IRIDEX CORP
- filed_at: 2025-03-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.03, 1.02, 2.03, 3.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1006045/000095017025042190/0000950170-25-042190-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1006045/000095017025042190/irix-20250316.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-042190
- JSON: https://secwatch.observer/filing/0000950170-25-042190.json
- Plain text: https://secwatch.observer/filing/0000950170-25-042190.txt

## Key facts
- Executive change
  Fuad Ahmad departed as Chief Financial Officer at IRIDEX CORP.
  - Action: replaced
  - Role: Chief Financial Officer
  source text: Romeo Dizon was appointed by the Company’s Board as its Chief Financial Officer, to replace Fuad Ahmad effective as of the Closing
  evidence_url: https://www.sec.gov/Archives/edgar/data/1006045/000095017025042190/0000950170-25-042190-index.htm
- Executive change
  William Moore was appointed as Director at IRIDEX CORP.
  - Action: appointed
  - Role: Director
  source text: the Company’s board of directors (the “Board”) appointed William Moore and Nick Chen as members of the Board, effective as of the Closing
  evidence_url: https://www.sec.gov/Archives/edgar/data/1006045/000095017025042190/0000950170-25-042190-index.htm
- Executive change
  Nick Chen was appointed as Director at IRIDEX CORP.
  - Action: appointed
  - Role: Director
  source text: the Company’s board of directors (the “Board”) appointed William Moore and Nick Chen as members of the Board, effective as of the Closing
  evidence_url: https://www.sec.gov/Archives/edgar/data/1006045/000095017025042190/0000950170-25-042190-index.htm
- Executive change
  Romeo Dizon was appointed as Chief Financial Officer at IRIDEX CORP.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: Romeo Dizon was appointed by the Company’s Board as its Chief Financial Officer, to replace Fuad Ahmad effective as of the Closing
  evidence_url: https://www.sec.gov/Archives/edgar/data/1006045/000095017025042190/0000950170-25-042190-index.htm

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