secwatch.observer — SEC 8-K summary
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Issuer:     Envoy Medical, Inc. (COCH)
CIK:        0001840877
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001013762-24-000821
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Envoy Medical draws $2.5M from GAT Funding note, issues warrant for 250K shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840877/000101376224000821/0001013762-24-000821-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840877/000101376224000821/ea0209956-8k_envoy.htm
  HTML page:      https://secwatch.observer/filing/0001013762-24-000821

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