8-K
filed December 11, 2023, 6:59 PM ET
CIK 0001934064
other material
confidence high
sentiment neutral
materiality 0.55
ProSomnus shareholders approve share increase, equity plan expansion; converts note rate up
ProSomnus, Inc.
- Authorized shares increased from 101M to 151.5M (150M common, 1.5M preferred) effective Dec 8, 2023.
- Stockholders approved adding 3,588,717 shares to the 2022 Equity Incentive Plan.
- Conversion rate on Subordinated Convertible Notes due 2026 rose from ~192.38 to ~222.22 shares per $1,000 principal.
- New employment agreements for named executives (Liptak, Dow, Kim) with severance: CEO 12/24 months base salary (regular/CIC).
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
ProSomnus, Inc.: Amendment to increase authorized shares from 101,000,000 to 151,500,000 (effective 2023-12-08).
- Change
- charter amendment
- Effective
- 2023-12-08
Exact text from the filing
The Company filed the Certificate Amendment on December 8, 2023 with the Secretary of State of the State of Delaware, and the Certificate Amendment became effective upon filing.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ProSomnus, Inc. shareholders approved Nasdaq Issuance Proposal at the 2023-12-06 meeting.
- Outcome
- passed
- Meeting
- 2023-12-06
Exact text from the filing
The votes cast at the Special Meeting were as follows: For Against Abstained Broker Non-Votes 11,862,654 173,111 15,500 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ProSomnus, Inc. shareholders approved Authorized Share Increase Proposal at the 2023-12-06 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-12-06
Exact text from the filing
The votes cast at the Special Meeting were as follows: For Against Abstained Broker Non-Votes 11,644,706 390,414 16,145 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ProSomnus, Inc. shareholders approved Equity Pool Increase Proposal at the 2023-12-06 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-12-06
Exact text from the filing
The votes cast at the Special Meeting were as follows: For Against Abstained Broker Non-Votes 11,292,344 410,774 348,147 0
View on SEC.gov
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