secwatch.observer — SEC 8-K summary
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Issuer:     SeaStar Medical Holding Corp (ICU)
CIK:        0001831868
Form:       8-K
Filed at:   2025-06-23T23:59:59+00:00
Accession:  0000950170-25-088707
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 5.02, 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud

SeaStar Medical raises $4M in public offering, cuts executive salaries by 20%
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- SeaStar Medical priced a public offering of 6,153,847 shares, pre-funded warrants, and Series A/B warrants at $0.65 per combined unit, expecting approximately $4M gross proceeds.
- The company reduced CEO Eric Schlorff, CFO David Green, and CMO Kevin Chung's annual base salaries by 20% to cut monthly operating expenses by about $50,000.
- Nasdaq granted an exception until June 22, 2025, for SeaStar Medical to demonstrate compliance with the $2.5M stockholders' equity requirement; company believes it is now compliant.
- In May and June 2025, approximately $1.2M of employee compensation and director fee liabilities were extinguished through waivers.
- The offering closed on June 23, 2025, with H.C. Wainwright as placement agent; proceeds for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831868/000095017025088707/0000950170-25-088707-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831868/000095017025088707/icu-20250617.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-088707

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