secwatch.observer — SEC 8-K summary
======================================

Issuer:     ProSomnus, Inc. (—)
CIK:        0001934064
Form:       8-K
Filed at:   2022-12-13T23:59:59+00:00
Accession:  0001104659-22-126408
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 9.01, 5.02, 3.02, 2.03, 3.03, 4.01, 5.01, 5.03, 5.05, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

ProSomnus closes de-SPAC merger with Lakeshore; begins trading under OSA and OSAAW
--------------------------------------------------------------------------------

- Total merger consideration of ~$113M; 11.3M shares issued to ProSomnus holders plus contingent earn-out shares.
- PIPE raised $10.25M (1.025M shares); aggregate $34.41M in senior and subordinated convertible notes issued.
- Post-closing ownership: former ProSomnus holders ~70.4%, HealthpointCapital 41.5%, PIPE ~13.5%, public ~3.0%.
- Redemptions: 2.38M Lakeshore shares redeemed for ~$24.37M; trust balance at close ~$4.92M.
- Lock-up agreements for ProSomnus equityholders with 6-month period; certain non-affiliates waived lock-up on ~1.9M shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934064/000110465922126408/0001104659-22-126408-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934064/000110465922126408/tm2232413d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-126408

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