debt
confidence high
sentiment neutral
materiality 0.50
Envoy Medical draws $2.5M from GAT Funding note, issues warrant for 250K shares
Envoy Medical, Inc.
- Drew $2.5M under existing note from GAT Funding, aggregate principal now $10M.
- Issued warrant to GAT for 250,000 shares at $2.25 exercise price, expiring Feb 27, 2026.
- GAT is controlled by board member Glen Taylor, a related-party transaction.
- Warrant issued as commitment fee for the draw; shares exempt from registration under Rule 506.