secwatch.observer — SEC 8-K summary
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Issuer:     ProSomnus, Inc. (—)
CIK:        0001934064
Form:       8-K
Filed at:   2023-12-11T23:59:59+00:00
Accession:  0001104659-23-125032
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ProSomnus shareholders approve share increase, equity plan expansion; converts note rate up
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934064/000110465923125032/0001104659-23-125032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934064/000110465923125032/tm2332457d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-125032

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