secwatch.observer — SEC 8-K summary
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Issuer:     Liquidia Corp (LQDA)
CIK:        0001819576
Form:       8-K
Filed at:   2024-09-12T23:59:59+00:00
Accession:  0001104659-24-099305
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Liquidia raises $67.5M in equity and activates $32.5M debt facility
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- Private placement of 1,123,595 shares at $8.90/share to Caligan Partners LP (fund controlled by director David Johnson) for $10M.
- Underwritten public offering of 6,460,674 shares at $8.90/share for gross proceeds of $57.5M.
- Fifth Amendment to RIFA with HealthCare Royalty Partners provides $32.5M additional funding; condition satisfied by equity raises.
- All transactions closed on September 12, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819576/000110465924099305/0001104659-24-099305-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819576/000110465924099305/tm2423869d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-099305

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