secwatch.observer — SEC 8-K summary
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Issuer:     Liquidia Corp (LQDA)
CIK:        0001819576
Form:       8-K
Filed at:   2024-09-11T23:59:59+00:00
Accession:  0001104659-24-098781
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Liquidia amends financing with HCR, extends payments to 2031, adds $32.5M subject to equity raise
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- Fifth Amendment moves remaining $32.5M from tranches 3/4 to tranche 2; total $100M non-dilutive capital fully committed.
- Payment schedule extended from 2029 to 2031; $23.8M payment due July 2025 deferred to two equal payments in Jan and July 2026.
- Funding of $32.5M conditioned on Liquidia raising at least $50M in gross proceeds from common stock sales on or after Sept 11, 2024.
- Aggregate payments capped at 175% of funded amounts; true-up threshold lowered to 16% for new funds (vs 18% prior).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819576/000110465924098781/0001104659-24-098781-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819576/000110465924098781/tm2423751d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-098781

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