ProSomnus, Inc.: Nasdaq/NYSE listing notice — ProSomnus issues additional $2M convertible notes, Nasdaq files Form 25 to delist securities

ProSomnus, Inc.

Issued $2M additional Senior Secured Convertible Notes due Dec 6, 2025 to existing investors; interest 9% p.a., payable quarterly in cash.
Prior $2M note issuance on April 19, 2024; total additional notes now $4M under the same indenture.
Nasdaq filed Form 25 on April 25, 2024 to delist common stock and warrants; delisting becomes effective in 10 days.
Securities suspended from Nasdaq on April 18, 2024; now trade OTC under symbols OSAP (common) and OSAPW (warrants).

item 1.01 item 2.03 item 3.01 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ProSomnus, Inc. incurred senior notes of $2,000,000 aggregate principal amount with certain existing ProSomnus investors at 9% per annum maturing December 6, 2025.

Instrument: senior notes
Principal: $2,000,000 aggregate principal amount
Counterparty: certain existing ProSomnus investors
Rate: 9% per annum
Maturity: December 6, 2025
Event: incurrence

Exact text from the filing

issued and sold to certain existing ProSomnus investors an additional $2,000,000 aggregate principal amount of the Company’s Senior Secured Convertible Notes due December 6, 2025

View on SEC.gov

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

ProSomnus, Inc. received a nasdaq delisting notice notice regarding other.

Exchange: nasdaq
Notice: delisting notice

Exact text from the filing

not in compliance with Nasdaq’s minimum market value of listed securities of $50,000,000, Nasdaq’s minimum market value of publicly held shares of $15,000,000, or Nasdaq’s minimum bid price requirement of $1.00, each of which was required for continued listing on Nasdaq. The Company’s securities were suspended from trading on Nasdaq on April 18, 2024 and have not traded on Nasdaq since that time. On April 25, 2024, Nasdaq filed a Form 25 with the SEC notifying the SEC of Nasdaq’s determination to remove the Company’s securities from listing on Nasdaq. The delisting will become effective ten da

View on SEC.gov

312 debt financings filed in the last 30 days. Browse all debt financings →

Source: SEC EDGAR

accession 0001104659-24-055001

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.