secwatch.observer — SEC 8-K summary
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Issuer:     LIFECORE BIOMEDICAL, INC. DE (LFCR)
CIK:        0001005286
Form:       8-K
Filed at:   2026-07-02T21:17:29+00:00
Accession:  0001005286-26-000026
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Lifecore Biomedical receives redemption notices for all Series A Preferred Stock; $52.1M due Dec 28, 2026
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- Holders of all 49,263 Series A Preferred shares (100% outstanding) submitted redemption notices on June 29-30, 2026.
- Redemption price $1,000/share plus accrued dividends; total ~$52.1M due Dec 28, 2026.
- Company had $38.1M total liquidity as of March 31, 2026 ($20.8M cash, $17.3M revolver availability).
- Company must obtain lender consent to pay redemption; otherwise 1% monthly interest on unpaid balance.
- Company evaluating strategic alternatives including debt/equity financing or other transactions to fund redemption.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005286/000100528626000026/0001005286-26-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005286/000100528626000026/lfcr-20260629.htm
  HTML page:      https://secwatch.observer/filing/0001005286-26-000026

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