secwatch.observer — SEC 8-K summary
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Issuer:     ALLURION TECHNOLOGIES, INC. (ALUR)
CIK:        0001964979
Form:       8-K
Filed at:   2025-04-17T23:59:59+00:00
Accession:  0000950170-25-055398
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allurion amends notes; $5M converted at $3.35 as market cap falls below $15M
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- Second Amendment to Note Purchase Agreement with RTW Investments added conversion provisions triggered by sub-$15M market cap.
- On April 16, 2025, mandatory conversion of $5M principal into 1,492,537 shares at floor price $3.35/share.
- Purchasers may convert up to $5M additional at agreed rate (capped at $3.35) and up to $5M at 5-day VWAP less 5%.
- Monthly conversion option allows up to $1M/month ($12M max) at 5-day VWAP rate until April 15, 2026.
- Purchasers agreed to vote shares issued under new provisions in proportion to other holders or abstain, subject to 9.9% threshold.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1964979/000095017025055398/0000950170-25-055398-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1964979/000095017025055398/alur-20250415.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-055398

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