secwatch.observer — SEC 8-K summary
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Issuer:     P3 Health Partners Inc. (PIII)
CIK:        0001832511
Form:       8-K
Filed at:   2023-04-07T23:59:59+00:00
Accession:  0001104659-23-042915
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

P3 Health Partners closes $89.5M private placement of common stock and warrants
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- Raised ~$89.5M gross from sale of 69.2M shares and warrants for 59.9M shares plus pre-funded warrants.
- Chicago Pacific Partners invested ~$71M, acquiring 52.8M shares, 10.8M pre-funded warrants, and 47.6M warrants.
- Warrants have $1.13 exercise price, 5-year term; pre-funded warrants exercise at $0.0001 per share.
- Company to file resale registration statement within 30 days; CPF gets board designee right if ownership ≥40%.
- CPF agreed to standstill until June 30, 2024, limiting ownership to 49.99% of common and Class V common.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1832511/000110465923042915/0001104659-23-042915-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1832511/000110465923042915/tm2311971d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-042915

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