secwatch.observer — SEC 8-K summary
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Issuer:     ProSomnus, Inc. (—)
CIK:        0001934064
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001104659-24-055001
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 3.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934064/000110465924055001/0001104659-24-055001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934064/000110465924055001/tm2413139d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-055001

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