secwatch.observer — SEC 8-K summary
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Issuer:     STRATA Skin Sciences, Inc. (SSKN)
CIK:        0001051514
Form:       8-K
Filed at:   2021-10-04T23:59:59+00:00
Accession:  0001051514-21-000066
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 1.02, 2.03, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

STRATA secures $8M MidCap loan, repays prior debt; names Christopher Lesovitz as new CFO
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- Entered $8M senior secured term loan with MidCap Financial Trust, drawn Sep 30, 2021; interest at LIBOR (0.50% floor) + 7.50%; matures Sep 1, 2026.
- Repaid $7.275M IDBNY loan and $500K SBA EIDL loan; old debt terminated.
- CFO Matthew Hill resigns effective Oct 15; internal promotion: Christopher Lesovitz named CFO effective Oct 16, 2021.
- Lesovitz receives $250K base salary, up to 50% bonus, $1K/mo car allowance, and options for 250K shares at Oct 18 close.
- MidCap received warrant for 373,626 shares at $1.82, expiring Sep 30, 2031; financial covenant: min trailing rev $24M rising to $30M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1051514/000105151421000066/0001051514-21-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1051514/000105151421000066/form_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001051514-21-000066

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