---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-055001"
form_type: "8-K"
ticker: null
cik: "0001934064"
company_name: "ProSomnus, Inc."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:50:54.368697+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# ProSomnus issues additional $2M convertible notes, Nasdaq files Form 25 to delist securities

## Summary
- 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).

## SEC filing metadata
- accession: 0001104659-24-055001
- form_type: 8-K
- cik: 0001934064
- company_name: ProSomnus, Inc.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1934064/000110465924055001/0001104659-24-055001-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1934064/000110465924055001/tm2413139d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-055001
- JSON: https://secwatch.observer/filing/0001104659-24-055001.json
- Plain text: https://secwatch.observer/filing/0001104659-24-055001.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1934064/000110465924055001/0001104659-24-055001-index.htm
- Listing & Compliance Notices
  ProSomnus, Inc. received a nasdaq delisting notice notice regarding other.
  - Exchange: nasdaq
  - Notice: delisting notice
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1934064/000110465924055001/0001104659-24-055001-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.