secwatch.observer — SEC 8-K summary
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Issuer:     BioRestorative Therapies, Inc. (BRTX)
CIK:        0001505497
Form:       8-K
Filed at:   2021-10-20T23:59:59+00:00
Accession:  0001021771-21-000074
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BioRestorative Therapies enters agreements to exchange $9.25M notes and warrants for units in proposed offering
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- Exchanged aggregate $9,246,897 principal of convertible notes and warrants for units in proposed public offering.
- Auctus Fund exchanged $8,826,952 principal and warrants for 13,766,343,425 shares; lock-up 4 months with 200% price trigger.
- Three other holders exchanged $419,945 principal and warrants for 745,643,250 shares; same lock-up terms.
- Exchanges conditioned on completion of public offering by January 31, 2022; otherwise agreements terminate.
- May issue Series A preferred stock to cap beneficial ownership at 4.99% of common stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505497/000102177121000074/0001021771-21-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505497/000102177121000074/form8kdtd101421.htm
  HTML page:      https://secwatch.observer/filing/0001021771-21-000074

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